MRamos

BAT for long position

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
We have a possible long position with a Bat. The Criteria has been met for a possible entry at the .886 and 1.618 confluence, that is at 84.80, nice number to enter on. Also take a look at the previous daily candle that's a Bullish Hammer or some might say Doji. If price breaks the A point then the pattern is void. Stops below X, place targets as per your own rules.
Good luck.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.