leszekstanislaw
Long

EURJPY D1 Bat harmonic pattern - bullish thing here :)

FX:EURJPY   Euro Fx/Japanese Yen
You all probably know BAT harmonic pattern - it is a precise harmonic pattern discovered by Scott Carney in 2001. The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD pattern within the Bat is extended and usually requires a 1.27AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most pattern (see http://www.harmonictrader.com/price_patternsbat.htm).
Here it is pattern confluenced with S/R zone. TP is almost 61.8% of CD, but with supply zone taken into account.
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