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Alexander_Nikitin
Jan 10, 2018 1:54 PM

eurjpy.15m.bat Short

Euro Fx/Japanese YenFXCM

Description

Guys, a potential bat advanced formation is setting up. the completion of the pattern slightly exceeds the 1H trendline. Be reactive if price bounces of the trendline without touching the completion point. OR if it breaks the trendline and completes the pattern be fast to take small profits on trendline retest.

Trade active

As I anticipated, the reviersal started a bit earlier because of the powerful trendline. Got involved on engulfing pattern on the top.

Trade closed: target reached

Liquidated the position at A-point test.
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