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LewipapersFX
May 6, 2015 6:26 AM

537 BAT PATTERN CD LEG Short

Australian Dollar/Japanese YenFXCM

Description

GOOD EVENING TRADERS,

I HAVE IDENTIFIED A PROBABLE BEAR BAT AND HAVE AN ENTRY AT THE TOP OF THE CD MOVE. IF IF MOVES TO THE DOWNSIDE I AM PREPARED TO TAKE PIP TARGET OF 312 PIPS WHICH WOULD COMPLETE THE BAT PATTERN THEN BE LONG AGAIN FOR A MORE CONSERVATIVE PIP TARGET.

I AM LOOKING TO EXTRACT 1500 PIPS FROM THE MARKET THIS WEEK AND I AM SURE THIS TRADE WOULD PUT ME ON TRACK.
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