Bat Pattern, Eur/JPY, 15min

FX:EURJPY   Euro / Japanese Yen
Here we see a plain old bearish bat pattern on the euro             yen charts.

It is likely that the market will quickly rally down to the 1.618 extension of the BC             leg, i have it forecast at 1.5 hours.

I placed my stop at the point X
My entry at point B
And my limit at the 1.618 extension of the BC             leg

Thanks for checking in, come back and see if it completes.

As always like comment and follow, Good trading, we will see you next time :)
@ddp922 yeah i was expecting it to make it down to the 131.260 area , before i saw a rally back up this high
ddp922 Kylan_Laymance
I have an order at 134.98. I'm pretty sure it can be hit again before a drop
i defiantly agree , i dont see enough consolidation to suggest a major reversal, atleast from the 15 min chart
I've been expecting another drop since we hit 135. Managed to short at 134.99 a few hours ago so hopefully his pans out and hopefully it comes back up so I can load up on a bit more
i think its about ready to drop back down again , my daily chart , i kinda show an elliot wave idea going on , and it is in the corrective series, so it should make it down to the 132.900 area at least
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