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akhostov
Jan 26, 2015 5:39 AM

Bullish Bat Pattern on CAD/JPY Long

Canadian Dollar/Japanese YenFXCM

Description

There is a Bullish Bat Pattern that is currently now at the 0.886 XA retracement completion @ 94.434

Although we do have completion and a 2.0 BC extension confluence, the PRZ extends well towards X. I have highlighted the PRZ with the purple rectangle and extended it back to the beginning of 2013. If you look to the left, you will find various support and resistance levels that can be the turning point.

Trade wisely, Trade responsibly
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