EUR.JPY - H1 Chart - Bat Pattern
Usually i don't trade patterns that have more support or resistance above or below the D leg, However on this occasion i believe we have enough resistance on the higher time frames to take this trade.
Our stop loss is just above the X leg, so if we surpass this we are not interested and will await another signal.
We must see a completion at D leg before any pattern entry is triggered.
- SL must go above X
- Target 1 at 38.2% retracement
- Target 2 at 61.8% retracement
Good luck.
Usually i don't trade patterns that have more support or resistance above or below the D leg, However on this occasion i believe we have enough resistance on the higher time frames to take this trade.
Our stop loss is just above the X leg, so if we surpass this we are not interested and will await another signal.
We must see a completion at D leg before any pattern entry is triggered.
- SL must go above X
- Target 1 at 38.2% retracement
- Target 2 at 61.8% retracement
Good luck.