jettayouker
Long

Harmonic Bat 15M bull completion

FX:AUDJPY   Australian Dollar / Japanese Yen
We had a Trend Break on the 15 min which means that we are no longer shorting we are longing the position, first completion of leg A:B completed at 42.8 which is a kiss to the 50% retracement which is our first valid leg in a harmonic bat, Now we need to make sure leg C doesn't go pass leg A THAT IS IMPORTANT THAT YOUR LEG C DOES NOT GO PASS A OR IT IS INVALID PATTERN. Now Your D LEG has to go to 1.618 - 2.618 and we had a kiss at the 1.618 which makes the pattern ultimately valid. So now we do our candle stick analysis and wait till we see a bull variation in the candle meaning we wait and see till we see the sellers lose momentum. Then after that we point out our take profits, which is in this case our resistant points in price, which means we need to look for back in price history and see our first take profit is point C in our leg and point A. Now we calculate our stop loss in our previous price point in this case since we are in a bullish market we will look for support in price so which i calculated will be at 85.270
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