J_Graystone
Short

EURJPY Bear Bat Formation @ 123.67

FX:EURJPY   Euro Fx/Japanese Yen
654 9 13
After what looks like continued sideways movement here on most of these markets, we could see more profits to be had out of these consolidation trades.

Made use of them last week and turned the mess into a profitable week.

Looking at this potential bear Bat at 123.67

Targets at:

T1 - 123.27
T2 - 123.01

Check out a video from inside the live room last week and how we made the most of these patterns. There is also a few opportunities on this pair explained in the video! Check it out here: https://youtu.be/I6YLOso0MRs

You can also follow me and my ideas on the below social media:


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www.tradeempowered.co.uk


See you in thh London live room tomorrow. Just go here: http://tradeempowered.com/london-live-room/

on my radar too :)
Reply
Tomas.D. journeyofarookie2.0
6 months ago
EURJPY 240 MIN Gartley to. ;)
+1 Reply
Tomas.D.
6 months ago
on my to :D
Reply
Hamrall
6 months ago
Looks like the x-a of the bat is a b-c of a cypher too
Reply
journeyofarookie2.0 Hamrall
6 months ago
it depends where you have your X for the Cypher : if at 124,13 then the Cypher won't be valid because the 71.6% for the D completion is under the B leg. But if using 124,19 then it would be a valid Cypher. Personally X is at 124,13 so not a valid Cypher for me, but it comes down to what you have backtested and what rules you have in your trading plan :)
Reply
Hamrall journeyofarookie2.0
6 months ago
Looks like your rules/data are different than mine. I use the 78.6% for cyphers and the X point starts at 124.185 for my data. GL
Reply
journeyofarookie2.0 Hamrall
6 months ago
misstype in my comment ... 78.6% as well ... :)
Reply
journeyofarookie2.0 Hamrall
6 months ago
and my trading plan makes me take the first pattern that present itself .. and the BAT is first
Reply
Neeshan PRO
6 months ago
Hey Jason,
I am confused. One of the rules for the bat pattern is C completion at least 61.8% of A to B? On your image C retraces at 50%. Am I correct?
Reply
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