Here we see a bat pattern forming in the Cad/ Jpy charts, it is likely that the pattern will complete, because it seems too close to the linear regression line to try to recross without some lower moves. once the pattern completes the market will likely reverse upon completion and rally back across the regression line reaching the 1.618 extension of BC. (this may take as long as 9 hours)
Our actions are as so:
Limit: 100.089
Entry: 99.939
Stop:99.869
Please follow along to see how this trade goes, for updates and more trades , follow me here on TradingView and don't forget to like and comment your opinions.
Thanks for checking this out ! as always Good Trading !
Our actions are as so:
Limit: 100.089
Entry: 99.939
Stop:99.869
Please follow along to see how this trade goes, for updates and more trades , follow me here on TradingView and don't forget to like and comment your opinions.
Thanks for checking this out ! as always Good Trading !