J_Graystone
Long

EURJPY Bullish Bat Formation @ 123.36

FX:EURJPY   Euro Fx/Japanese Yen
1218 12 47
Bat Formation @ 123.36

Target 1 = 124.21
Target 2 - 124.74

Stops below X (Your Rule Method)

We will be looking at the best way to manage this trade during the London Live Room this morning.


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Comment: Closed out at the 618 retracement for 121 pips
I like this setup. I am already long on this one starting from the bottom of the previous corrective move. I will now add position to it. Good luck! I post this chart to give an other perspective on this trade setup based on Wave theory:
snapshot
+1 Reply
Thanks for Sharing!
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Thank you, what a pretty Bat...
+1 Reply
Pearly Pearly
Sorry this went wrong
+1 Reply
It didn't! It went very right! lol
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Thanks 121 pips too!
Reply
Thank you...
+1 Reply
Thanks
+1 Reply
I have been following this post and although the original bullish BAT has been invalidated on H1- I believe there is indeed a valid BAT on H2 if the X point is taken from the minor swing low from March 2. In fact the condition of point D finishing at .886XA is within a couple of pips on my chart. Sorry I can't post a char. I am very new to these harmonic patterns and am trying to master the ideas. I would welcome any comments on my observations.
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Thanks for sharing your thoughts. It was valid for me so I took it.,
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nice very quick trade
+1 Reply
J_Graystone PRO GoodLuckbabe
Pain Free! 121 Pips in the bank!
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