rv
Short

AUDJPY(H4). Potential Bearish Bat, within Wedge.

rv  
FX:AUDJPY   Australian Dollar/Japanese Yen
259 18 4
Potential Bearish Bat , within Wedge , potential down Wave.
Against Trend_Line.


price not moving in our direction :(
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i am also in this trade. i am a bit wary now. will it work?
snapshot
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dr.gsbharaj dr.gsbharaj
sorry wrong chart..this is the right one.
snapshot
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rv dr.gsbharaj
thanks for chart. one thing, Stop above X.
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yes...my sl got hit. i reentered as this is still valid
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Hi Rv. Thx for this one which I got into yesterday. I see you'vegot what appears to be a target at B and then a definate target at C. Is this right? Maybe you move your SL to BE at B or take off partial profit there? Is this how you normally set your targets for the Bat. Thanks. Really appreciate your ideas.
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rv Marvin
Hi bro. thanks for comment. Nope, its the Fibonacci retracements for the targets. 0.382 and 0.618.
Took into consideration the Wedge wave structure characteristics on second.
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rv rv
Yes, take profit on T1, let run for T2.
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is your first tp at 0.618 level?
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rv dr.gsbharaj
Yes it is. The preferred way on standalone might be 0.382 and 0.618. As you can see, it hit 0.382, retraced, below X.
On this occasion, my targets were bit, lets say 'greedy'.
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