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daletrades
Jun 19, 2017 9:34 PM

EURJPY SHORT - BEARISH BAT PATTERN - 4HR  

Euro Fx/Japanese YenFXCM

Description

EURJPY
Looking to hit a key resistance level around 125.680
Bearish bar pattern also completes at point (D) on my chart
Trendlines created channel that could be broken out from In a bullish move before the reversal begins around point (D)

TP 1 at .381 Fib Level
TP 2 at .618 Fib Level

Once price reaches TP 1, drop stop loss into profit to protect capital from loss.

Comments
iammatthewkakande
This is more of a shark/cypher pattern due to point C?
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