CAD/JPY Bullish Bat
Greetings fellow traders, today we are analyzing the CAD/JPY 4hr chart, looking at a potential Bullish Bat Pattern.
The pattern is in the process of completing the C to D leg. There is a possible 1:2.5 risk to reward, with a max of 1:5.
Since August, this pair has had a bullish trend, this would help support our position.
The measurements for a bat pattern are detailed below:
B: 0.382 - 0.500
C: 0.386 - 0.886
D: 1.618 - 2.618
X to D: 0.886
Will be looking to enter this trade with some more confirmations after the pattern is completed.
Please share your thoughts!
The pattern is in the process of completing the C to D leg. There is a possible 1:2.5 risk to reward, with a max of 1:5.
Since August, this pair has had a bullish trend, this would help support our position.
The measurements for a bat pattern are detailed below:
B: 0.382 - 0.500
C: 0.386 - 0.886
D: 1.618 - 2.618
X to D: 0.886
Will be looking to enter this trade with some more confirmations after the pattern is completed.
Please share your thoughts!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.