Roker1
Long

Harmonics in play on CADJPY

FX:CADJPY   Canadian Dollar / Japanese Yen
Hey guys,
this is an advanced pattern formation that's about to complete on the 4hr chart. The D point of this Bat lies right into a key level of daily support and this gives us more confidence about this trade. Stops below X, targets as usual in harmonics.

If you want to share your view, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Trade active
Trade closed: target reached: Target1 hit! Stops moved to breakeven
Trade closed: target reached: Second target hit!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw

Comments

Am I right in assuming you applied a margin of error to the harmonic point B?
+1 Reply
Roker1 iammatthewkakande
@iammatthewkakande, in my rules B can terminate anywhere between the 0.5 and 0.618 Fibonacci retracement of XA.
Reply
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