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RaynLim
Sep 23, 2021 9:45 AM

CADJPY - Bearish Bat Short

FX:CADJPY60
Canadian Dollar/Japanese YenFXCM

Description

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It is not something new that you have a bullish setup on the USDCAD chart and a bearish setup on the CADJPY chart. This meant 1 thing, the Canadian Dollar, CAD, is on the move.

If both setups is valid, I will engage both and not cherry picking.

Any idea why I'll do that?
Comment down below

If you like to check the USDCAD chart, the link is at the bottom.
BatHarmonic PatternsCandlestick Analysisaskforex100CADJPYBearish BattrendtradingCandlestick analysisPin Barrsioverbought
Comments
Foraquest.
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RaynLim
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@Foraquest., let's observe if a change of trend(bullish) is going got happen
Foraquest.
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@RaynLim, Yes.
fargoodarzi
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It is bat set up but still did not do bearish trend
RaynLim
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@fargoodarzi, the setup doesn't always describe the trend but for this case it is. so it's important not to cherry-pick the trade
FXKillA
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Down 📉 it goes 👍🏼
RaynLim
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@FXKillA, quite a tricky setup here. I'm out on this trade at the moment but if yo are in, all the best
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