Fxprotrader

CADJPY Pending Bearish Bat Pattern

Short
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.

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