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)

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