CADJPY: Potential Bullish Bat Pattern and ABC harmonic waves
CADJPY is creating a Bullish Bat pattern on 60 min and we can see also a number of harmonic waves in development from 15 min to 60 min degree waves. In my opinion this is a perfect harmonic setup. I am looking as TP1 at 82.90 price as there is a cypher pattern that will be completed at that zone and the second target is near the 240 min trend line.
The possibility is very high that price can reverse even from where it is now or at 78.6% (at 81.25 price)
The possibility is very high that price can reverse even from where it is now or at 78.6% (at 81.25 price)
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240 min chart
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Nice move up and perfect Bullish Bat pattern completed. Keep an eye on the Bearish Cypher Pattern for potential target. Also be careful, it's Friday.
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