Fxprotrader
Short

EURJPY@ AB=CD & Bat Pattern Completion

FX:EURJPY   Euro Fx/Japanese Yen
Price in EURJPY             is moving in a corrective structure in a rising channel . At the point where is testing its median line , price has formed two bearish harmonic patterns , an ab=cd and a bearish bat pattern.

A nice way to trade this setup is to place two trades. The one should aim for profit target at 0.618 of the CD wave of the bat pattern and the other one at 1.27 of the XA. If price reaches our first target we place our stoploss at breakeven at the the second position.
Trade closed: target reached: 1rst target reached
Move stoploss to breakeven at the second trade.
Trade closed manually: I decided to close manually my second position with a little more than 4 to 1 profit to my initial risk.
Looks promising, some key levels line up . Good luck
+1 Reply
Fxprotrader Technician
Thank you technician..
Reply
snapshot

Similar setup, good luck!
+1 Reply
Fxprotrader InvestorR
You too..!
Reply
Looks good. great stuff!
+1 Reply
Fxprotrader Akil_Stokes
Thank you Akil for your comment.. I believe this setup has a lot of potential..
Reply
Excellent!!
Reply
Fxprotrader FullTimeTrader
Thank you mate..
Reply
Still in on this. Thanks!
Reply
Fxprotrader marcus123
You are welcomr marcus.
Reply
i short on 135.9
i think the target 133.4
Reply
i'm sorry how is this a bat pattern? The fib doesn't match a bat pattern
Reply
Fxprotrader argentgroup
Actually this is a perfect bat pattern
snapshot
Reply
marcus123 Fxprotrader
Certainly worked!
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out