FX:EURJPY   Euro / Japanese Yen
gauys, a potential bat is on my radar. looking for extended targets here as we are in a downtrend. I will update you with my trade management as well as with conventional rules of trading these setups.
Trade active: orders triggered
Comment: Breakevened the trade as price travelled 1/3 of tp distance. Closed the trade at the entry level as price came back to the entry.
Comment: A great example of having a solid set of rules for trade management:)
This pattern was found by the MPS-5.2 pattern recognition software: https://mps-trade.com

Learn to trade these patterns for free: https://mps-trade.com

My Youtube channel: https://www.youtube.com/user/alexniquitos
@Kandi, you are welcome:)
sl hit already
@pwbanyad, read the description. the trade was breakeven.
Rules. Very important. Well done. But it wasn't a bad idea considering the bearish pressure.
@cozzamara, sure. if the pattern doesn't work the way it was designed to work then it turns into a pattern showing the opposite signal.
cozzamara Alexander_Nikitin
@Alexander_Nikitin, absolutely
135.712 would be an extreme. As you rightly say we are in a downtrend and bearish pressure may arrive already at 135.61 level
@cozzamara, it may
135.61 is one very good level of resistence.
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