CAD/JPY: Bearish Bat

lewisglasgow (52)in #forex • 9 years ago (edited)

Another JPY shorting opportunity, it seems to be bat week :) this time we have CAD/JPY on the 4h chart.

This is an excellent shorting opportunity with over 1:3 risk to reward.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

I'm currently short on NZD/JPY which was shown in one of my previous posts, click here to check it out.

Don't forget to upvote, resteem and follow me for in-depth market analysis and investing education.

9 years ago in #forex by lewisglasgow (52)

Sort:

steemitboard (66) 9 years ago

Congratulations @lewisglasgow! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

$0.00

STEEM 0.04

TRX 0.32

JST 0.082

BTC 61656.65

ETH 1638.79

USDT 1.00

SBD 0.41