TomHall

EUR/JPY - BAT PATTERN

FX:EURJPY   Euro Fx/Japanese Yen
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.
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Good call on this one!
+1 Reply
TomHall TOP JasperForex
Thank you very much.
Reply
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