CADJPY Bearish Bat Pattern

CADJPY Bearish Bat Pattern and Short Opportunity

Description: CADJPY completed a Bearish Alt Bat PAttern on the H4 Chart. Bearish correction is predicted.

OSMA divergence confirms the bearish reversal

Trade Setup

TRADE: Short

Trade Period:Intraday / Midterm

Estimated completion time: 2-8 H4 Candle Stick

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Bullish

The accuracy of the pattern: 86 %

Recommended Lot Size: 0.10 at 10K

Entry: 83.60-83.65

Stop: Above X 84.05

Target 1: 83.40 / Reached … We take partial profit and move Stop Loss to entry.

Target 2: 83.10

Target 3: 82.88