tommyb35
Short

Bearish Bat Pattern Ready To Complete!

FX:EURJPY   Euro Fx/Japanese Yen
On the EurJpy             , there is a bearish bat pattern that is only about 20 pips away from completing as i write this and it is also currently in an overbought position according to the RSI . This pattern will potentially complete at 115.625. Now with your stops, they must be above the X leg, but to be safe I would suggest putting them above the structure highs that are just to the left of the X leg. Usually when you see this type of structure setup, price tends to push up to the higher point. Now with targets, you have your basic T1 at the .382 and T2 at the .618.
As always follow your rules. Good luck and good trading!
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out