Oztrade
Long

EURJPY - S/R TRADE - BULLISH BAT - ADVANCED PATTERN - H&S

FX:EURJPY   Euro / Japanese Yen
72 0 4
Hi All, I wanted to share this early to give you enough time to perform your own analysis, with the previous Bearish Bat that I took and have second stop moved down after we reached Target 1 - here I am looking at a potential Stop Reverse trade if we can make it this far.

Keeping in mind C leg must not pass the A leg for this pattern to be invalid.

You can also actively manage your stop and limit if price falls towards our Target 2 on the Bearish Bat , remember to ensure to take your profit and dont be greedy, in this case I have analyzed this chart and it is in my rules that if I find a S/R trade that I can actively manage to increase reward.

As always Green is the Entry Zone - 88.6% BAT Entry

We also have a Major FIB EXT 1.618 - from A to B leg completing at the 88.6% level

Stops are @ Minimum Below this level of 1.113%

Targets as always - A to D Fib Retrace TP1 just below 38.2% and TP2 Just below 61.8%

Targets to be adjusted on D completion

If you also look at this chart for those who trade also possible Head and Shoulders

Good Luck and lets see if this plays out - and enjoy your weekend
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out