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Gold_Fish_Trading
Jul 30, 2020 10:55 PM

EURJPY Short 4 hour Short

Euro Fx/Japanese YenFXCM

Description

We have a Bat pattern and price is coming into the Daily Structure zone.
Looking for a conservative entry such as a Double Top to get involved in a SHORT.
Then using looking at the Bat Patterns Targets for exit.
I would shoot for T2 at support instead of the conventional 0.618 Bat target.
Stops a little above 1.13

Comment

Alexander_Nikitin has a butterfly with this pattern which could be an entry. Thanks Alexander!

Trade closed: stop reached

Stopped out. In conclusion, i believe this was still a good trade even though it lost.
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