glennmercer
Long

EURJPY Long: Bullish Bat PRZ Confluent with S/R

FX:EURJPY   Euro Fx/Japanese Yen
EURJPY             has entered the PRZ of a bullish bat that is confluent with various other S/R elements. On the D1 time frame, a pitchfork aligns with with the .50 retracement of a larger XA leg. This area is confluent with the 1.786 projection of BC             and and the completion of an alternate AB=CD pattern. There's a secondary structure low below this level to add support. Target is placed at the . 382 retracement of CD which coincides precisely with the new pivot for this week. I am taking a conservative profit target at the . 382 retracement of CD because a daily support trendline will likely act as resistance on the way back up. SL is placed below S/R.

Confluence in the PRZ:
  • Bullish bat pattern completion
  • Pitchfork support
  • .5XA (D1)
  • Previous structure low
  • 1.786BC projection
  • 1.272AB=CD
  • Unhit weekly pivot above price

D1 Trendline , .5XA and Pitchfork Support:
snapshot

Thank you for your support and motivation!
Trade closed: stop reached: SL has been reached
Trade active: I have re-entered this trade based on bullish price action. New R/R account for previous loss: 1.74. Target set at .5CD/Daily Pivot
https://www.tradingview.com/chart/S0M623zJ/
Comment:
snapshot
Trade closed: stop reached: SL Reached
hey still pending or she hit the SL ?
Reply
Hi Hiisham trade is still active for now
Reply
Hiisham glennmercer
the price right is in 133,316 should we move the Sl a dow bit ?
Reply
I'm not a fan of moving my SL, this trade has been stopped out for me now. Depending on price action I may re-enter long at some time today.
Reply
Hiisham glennmercer
Thanks, Pleas Updtae ur charts to enter to ;)
+1 Reply
Will do, no problem!
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out