TomHall
Short

EUR/JPY - Bearish Bat Pattern

FX:EURJPY   Euro Fx/Japanese Yen
On the EUR/JPY             1h chart we have a potential short opportunity at the D leg completion of a Bat Pattern .

The price reversal zone on this pair is between 134.016 & 134.216
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.

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spyro85
a year ago
Hi Tom, on my charts (MT4, ETX Capital) A-B is a .618 retracement of X-A suggesting a potential Gartley. Could I ask why you are trading this as a Bat instead of Gartley please?
Thanks as always :)
+1 Reply
TomHall TOP spyro85
a year ago
Hi,
On many other platforms it doesn't quite touch the 0.618% so you will have to choose a platform and stick to your rules on whether it touched or not.
You can still trade this as a Gartley if it meets your rules.
I hope this helps a little.
+1 Reply
spyro85 TomHall
a year ago
Awesome thanks Tom
+1 Reply
TomHall TOP spyro85
a year ago
No problem at all, have a great week.
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