Pattern Based Trade Setup for 1:5 Risk Reward Ratio

FX:USDJPY   U.S. Dollar / Japanese Yen
306 1
A potential bearish butterfly is already completed and another upcoming bearish Bat Pattern Setup is soon to form inside the bear butterfly prz (127.20-161.80). Trade with care and wisely.

We could aggressively short/sell this market if price reach or get back to the 127.20% price level and stops just above the 161.80% or wait for the completion of the bear bat at the 88.60% price level for a possible 1:5 RRR , but take note that this could be riskier. Whatever suits your risk management or how much you're willing to risk is good for a trade plan, so plan your trade and trade your plan. Good luck!
Comment: TP1 reached if you have taken the setup.
Great ! Thanks !
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out