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joelduque

2018Oct30 CADJPY H1 Possible Bearish Bat

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
joelduque  
FX:CADJPY   Canadian Dollar / Japanese Yen
Harmonic Patterns Bat Fibonacci
2
0
harmonicpatterns batpattern fibonacci
CADJPY has been on a downtrend and is near completion of a bearish bat. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Tentative details are as follows:

Trade Setup: Possible Bearish Bat
Price Entry 86.144
SL 86.361 | SL pips 21.7
TP2 85.343 | TP2 pips 80.1
RRR2 3.69
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