FIBSII

Potential Long Bat EURJPY

Long
FX:EURJPY   Euro / Japanese Yen
Hey Guys,

Still keeping a look out for the completion of a large Bat pattern on EURJPY 4H. We are a long way off completion, however would be a nice place to get long given the structure level @ X 112.07.

Haven't got any orders placed yet as my plan dictates orders are placed when we break the B point indicating the likelihood for a press lower. This opportunity gives us a nice 1.4 Risk/Reward to Target 1's, however watch out for the large stop loss when determining risk.

Fibsii Team.

Related Ideas