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lyl89

EURJPY - Bullish Bat Completed on H4 Chart

Long
Euro / Japanese Yen (OANDA:EURJPY)  
lyl89 Updated   
OANDA:EURJPY   Euro / Japanese Yen
EURJPY eurjpylong Bat Bullish Bat Harmonic Patterns harmonicforex
16
7
eurjpy eurjpylong batpattern bullishbat harmonicpatterns harmonicforex
  • Bat pattern has completed with price closing inside PRZ, also known as the terminal bar.
  • RSI very close to oversold level.
  • Good R:R at 2.4 (TP1) and 3.9 (TP2).
  • Price alerts on PRZ again to keep myself notified.
  • When market opens on Monday, I will be monitoring the next few candles before I enter.
Comment:
Price has started to reverse.
However, it was slightly late when I saw the chart.
Traders may choose to enter long now at 118.84 as it not too far off PRZ.
Traders may choose to wait for price to get back to PRZ.
Do manage your lot size.
Trade closed: stop reached:
Stopped out at 70 pips.
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