JustBusiness
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CAD/JPY Bullish Bat

OANDA:CADJPY   加元/日元
Greetings fellow traders, today we are analyzing the CAD/JPY             4hr chart, looking at a potential Bullish Bat Pattern.

The pattern is in the process of completing the C to D leg. There is a possible 1:2.5 risk to reward, with a max of 1:5.

Since August, this pair has had a bullish trend , this would help support our position.

The measurements for a bat pattern are detailed below:

B: 0.382 - 0.500
C: 0.386 - 0.886
D: 1.618 - 2.618
X to D: 0.886

Will be looking to enter this trade with some more confirmations after the pattern is completed.

Please share your thoughts!
I'm looking this trade too hope to catch some nice pips here happy trading.
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JustBusiness Quantum007
@Quantum007, Thanks, looks like it may set up well shortly here. Good luck friend!
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