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Fxprotrader
Jan 13, 2017 3:04 PM

EURJPY Bearish Bat Pattern Completion  Short

EUR/JPYOANDA

Description

Price has completed a bearish bat pattern at a key resistance level, a slide parallel of a median line set. Sl and tp as shown at the chart. If price reaches the first tp we move sl at breakeven to second position

Trade closed: target reached

Both targets reached. This is another great example of how a working slope can give us key support and resistance levels to watch for setups completion
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