CAD/JPY - Bearish Bat

16 พ.ค. 2017

Hi everyone!

CAD/JPY is forming a bearish bat pattern on the H4 chart.

Conditions for a valid bat pattern are:

• XB: 0.382 - 0.5
  
• AC: 0.382 - 0.886
  
• BD: 1.618 - 2.618
  
• XD: 0.886
  

Take profits are set at 0.382 and 0.618 of AD.
At target 1 half position will be closed and stop loss moved to breakeven.

Good luck everyone!