CAD/JPY - Bearish Bat

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!
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Penafian