CADJPY is close to completing the Bullish Bat pattern at 85.10.
This could potentially be a good trade for the following reasons :
- The Equidistance Channel, although not perfect, gives a good support
- The RSI is already moving into the oversold region
- These last 2 H4 candles shows some slowing down of the decline
However we have to watch the proce reaction at the completion @85.10
This could potentially be a good trade for the following reasons :
- The Equidistance Channel, although not perfect, gives a good support
- The RSI is already moving into the oversold region
- These last 2 H4 candles shows some slowing down of the decline
However we have to watch the proce reaction at the completion @85.10
See :