FX:AUDJPY   Australian Dollar/Japanese Yen
Bat Pattern Active
Comment: Came within 3 pips of target , never too happy about that but looks like we might catch a second wind and rally for targets soon.
Trade closed: target reached: Closed position + 30 pips before I travel for the weekend. Too much consolidation/choppyness in this pair right now
Comment: Original target reached.
should we get in now, or wait for retrace?
Reply
Not now, we don't chase price. This late into the pattern would only buy once in the red zone (buying it on a discount/cheaper). If you do buy however, use a smaller position size.

We wait for the next opportunity. There could come a retracement , because price formed a very nice rejection candle off the 382 target level and I see a downward sloping trendline from point A in the pattern. If we break through this and re-test however, this could present another buying opportunity
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snapshot

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MrLatchman VitruvianTrader
sounds good. your ideas are great!
Reply
thank you! the goal is to always keep working on your craft! no such thing as perfection.
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MrLatchman VitruvianTrader
up up and away.... wish i would have gotten in.
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