CADJPY - Bearish Bat + Fib confluence + Structure

FX:CADJPY   Canadian Dollar / Japanese Yen
1283 10 34
Patterns galore it seems this weekend. Although this pattern is not at completion yet, we did already break above the B-point. We might see a retracement into that B-point level before rallying towards the completion of the pattern.

Around the completion level, we have previous structure/support (red dotted line) which could now act as resistance and we also have the 1.618 AB extension confluent to the 0.886 XA retracement.

TP1 is a nice 260 pips to the downside with a 1.35 RR ratio (stop loss is 195 pips away)
TP2 is good for 425 pips and a 2.2 RR ratio

Agree with this idea ? Thanks for giving me the thumbs up by clicking the like button.
Have another view, have questions, comments ? Feel free to share it below !
More ideas like this ? Click the follow button to keep updated when I publish new ideas or update already published ones.

PS : do check out my other ideas that are linked below ! :)

Comment: After some hesitation, the pair is moving in the right direction to complete this pattern so keep an eye on it. You can use an alert on your chart to warn you when the pattern is almost completed so you don't miss out.
New !!!! Crypto High Tops available now on
Do also check our brand-spanking-new Crypto Sports Edition
Check our live crypto trading channel on Twitch :
Absolutely looking for it..kindly give ur expert opinion for the perfect entry
Thanks Nico . This one should be a good trade.
+1 Reply
If you follow the plan, it's always a good trade, no matter the outcome ;)
forexmech Nico.Muselle
Agree :)
I agree, I'm also looking for it since days
+1 Reply
Thanks !
Looking good ! Excellent. Good luck !
arif_awan Nico.Muselle
thank you.
+1 Reply
Welcome !
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out