Hi Guys,
Here we have two Bearish Bats on the CADJPY Daily.
Bat One: With yesterdays news for CAD, price spiked to reach 'D' point and rejected 'X' point perfectly. I am not short on this with a target of 200+ pips and 1:2 Risk to Reward.
Bat Two: Price completed, (I missed first entry) rejected 'X' point and hit first TP. There is now a Type 2 entry for this bat meaning it has retraced to original entry and we can now enter again. I also have on this with potential of 500 pips. 1:5 risk to reward.
This is a slow moving and volatile pair so I will be protecting my profits throughout.
Let me know of any thoughts or questions.
Thank You
Victoria
If you want to learn how to trade patterns like this I highly recommend my mentor @lewisglasgow - www.sixfigurecapital.com
Here we have two Bearish Bats on the CADJPY Daily.
Bat One: With yesterdays news for CAD, price spiked to reach 'D' point and rejected 'X' point perfectly. I am not short on this with a target of 200+ pips and 1:2 Risk to Reward.
Bat Two: Price completed, (I missed first entry) rejected 'X' point and hit first TP. There is now a Type 2 entry for this bat meaning it has retraced to original entry and we can now enter again. I also have on this with potential of 500 pips. 1:5 risk to reward.
This is a slow moving and volatile pair so I will be protecting my profits throughout.
Let me know of any thoughts or questions.
Thank You
Victoria
If you want to learn how to trade patterns like this I highly recommend my mentor @lewisglasgow - www.sixfigurecapital.com