CADJPY - Bearish Bats x2! - Daily

7 thg 9, 2017

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

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