moneymaking

CADJPY: Potential bat pattern on 1 hr

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Potential bat pattern is close to being completed on 1 hr chart. D point completion is not exactly at resistance level, but it's close to it. We have perfect 88.6 and 161.8 ratio confluence at D point completion. Stop loss placed about 12 pips above the next resistance level. RSI is also approaching the overbought level.

Note: This is NOT an exactly structure based trade, but it's around that level.

To see the next resistance level, follow the link below:

Trade safe and good luck to all !!

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