madi052893trading
Long

Long with biases on daily engulfing and BO

FX:AUDJPY   Australian Dollar / Japanese Yen
139 0 7
Hi guys, we got a long opportunity right here as there were formation already of bullish engulfing in the daily plus a breakout. Targets would be on the potential bearish Shark/Bat 88.60% that will complete at 86.80 which is a good psych number and with that, it could also be another opportunity for us to go short. Stops could be base on the ATR on the HR             4 which is around the 30 pips times/multiply by two giving a 60 pips of risk or just below the daily candle. Since Risk:Reward ratio wise with 60 pips of risk for at least 200 to 240 pips of reward giving me a good 1:4 RR.

Comment: Hi guys take note also of the potential Bullish Bat pattern. A break below close below the ascending triangle will trigger my SL position and i am looking to go SHORT upto a potential bullish bat formation as for my exit.
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