XYZ - BEARISH BAT PATTERN - 60M EURJPY Short

Euro Fx/Japanese YenFXCM

Description

⋅ Sep 24, 2015 7:41 AM

Hi All, I wanted to share another potential opportunity we have setting up here on EURJPY

1. Min Stop Level Marked in RED

2. ENTRY green - standard 88.6% - 135.790 order placed just below entry to ensure we get filled

3. Target Levels - T1 and T2 - Standard 38.2% and 61.8% - to get targets set them just above these levels.

4. I have drawn XYZ for you to see the 61.8% retrace from these points lines up with our 88.6%

Enjoy and happy trading

Lets see if we break past the B leg which should be a sign to continue upwards.

Comments

Oztrade

⋅ Sep 25, 2015 8:25 AM

We have another B and C leg making this pattern still valid with the current entry levels - for those looking at a smaller trade we have a BAT PATTERN Short Opportunity on the 15m and if you zoom up it is still valid on the 1H Chart X Leg 134914's