Fxprotrader
Short

CADJPY Pending Bearish Bat Pattern

FX:CADJPY   Canadian Dollar/Japanese Yen
When in a downtrend and a bearish advanced pattern forms is always a very good opportunity to trade. In CADJPY             very soon we should have the completion of a bearish bat pattern. A divergence in MACD is showing that wave CD is losing steam.

Stoploss and profit targets as shown at the chart.

I don't use these patterns but I love it when moves within the pattern. nice job
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I did close the trade with 17 pips profit and I will re-enter when eventually will reach the D point as You say Discipline is one of the main rule to follow and being impatient can cause a lot of trouble thanks for the advice I will keep an eye for a re-entering. By the way when You enter the trade do You also see how the candle position itself? I mean assume it reaches the D point the when will You enter when we have a red candle I mean a bearish one or it doesn't really matter thanks
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I made a mistake I did open it already a little bit in a rush hope will be OK I am still demo so...
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Fxprotrader RalfDiana
Ok i see.. I hope price will bounce from that D point.. Let the market come to you. That's a good rule to remember..!
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Hi did You already opened this trade or still waiting Thanks ?
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Fxprotrader RalfDiana
Still pending.. There is a limit order at D point..
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