EURJPY Bear Bat Formation @ 123.67

FX:EURJPY   Euro / 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:


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

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?
Looks like the x-a of the bat is a b-c of a cypher too
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 :)
Hamrall journeyofarookie2.0
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
misstype in my comment ... 78.6% as well ... :)
and my trading plan makes me take the first pattern that present itself .. and the BAT is first
on my to :D
on my radar too :)
Tomas.D. journeyofarookie2.0
EURJPY 240 MIN Gartley to. ;)
+1 Reply
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