samurai110
Short

EUR/JPY BAT PATTERN

FX:EURJPY   Euro Fx/Japanese Yen
Bat
92 0 5
Looking for a Bat Pattern completion here on EUR/JPY             . The 1.618 extension and the completion of the Bat come in at the previous major support trend line (RED) which gives us added confidence and a high probability that this might be a level where the market reverses back to the downside.

Stopl Loss goes above the Reversal Zone (RED) to give the market some breathing room
Targets: You can play this as a 2 target trade or just a regular pullback or you could use the Bat completion as a reason to enter and look for a trend continuation to the downside.
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