moneymaking
Short

CADJPY: Potential bat pattern on 1 hr

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:
snapshot


Trade safe and good luck to all !!
This is such a ridiculous trade to take. You risk/reward is horrible. You are risking 55 pips to gain 70!? That is idiotic. My trades have never been less then 1:3 or even 1:4 risk/reward profile, reconsider what you are doing because this is horrific. Good luck :)
Reply
moneymaking samurai110
2 years ago
Thank you for commenting!!
Reply
moneymaking samurai110
2 years ago
We still got our 1st target hit. Now it's a risk free trade. This might have happened just by chance. It still ended up being in our favor :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out