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UnknownUnicorn4041773
Jun 15, 2019 1:07 AM

EURJPY Daily Butterfly and Bat. Long

Euro Fx/Japanese YenFXCM

Description

So before I enter a trade I like to have multiple indicators pointing to the same thing which is why you see a butterfly in dark blue and a Bat in light blue both with converging PRZ's. I usually only trade 2 targets on daily Harmonic Patterns with a very common result of only T1 being hit. I prefer to keep my stops short since I can always reenter the trade when conditions return to favorable instead of eating further and further loss, the way I see it is if it goes 50 pips below my SL then I can always reenter 50 pips away but if I have a huge SL to cover that then I'm missing out on the extra 50 pips profit.
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