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lbrincat
Jan 11, 2017 5:22 PM

CADJPY Bearish Bat Pattern 15min Chart Short

Canadian Dollar/Japanese YenFXCM

Description

Sell at 88.535

Stop Loss at 88.829

Target 1 Fib (0.382%) 88.080

Target 2 Fib (0.618%) 87.799

Trade management move stop loss to break even when target 1 is hit or split your trade in 2 lots and take out 1 lot at target 1 and let the other one role.
Pattern is valid as long as price does not go beyond time fib 3 marked with a red vertical line on chart.
Do not use pending orders.
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