Alex_BPTrader
Short

USDJPY - Bearish Bat

FX:USDJPY   U.S. Dollar/Japanese Yen
+++ Don't forget to LIKE & Follow+++Hey traders, I have a lot on my radar today. I have my eyes on a Potential Bearish Bat Formation on 1H, here on USDJPY             .
This Bat can be used as entry reason for hopping on bearish trend - look left and you will see that price is in a clear downtrend.
Stops above X and targets are conventional - if you use this Bat Pattern as entry reason for TCT, then you can shoot for targets beyond A's leg.
Entry @ 100.99
Stop @ 101.37
Initial Target 1 @ 100.47
Initial Target 2 @ 100.15

Good Luck!

-Alex
I'm a Professional Currency Trader & Mentor with years of trading experience.
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-Alex
Professional Currency Trader & Mentor
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Related Ideas

gabaym
3 months ago
hi you meant entry at 100.99 ???
Reply
Alex_BPTrader gabaym
3 months ago
Yes, I've made a mistake - The Entry Level is @ 100.99
Reply
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