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lbrincat
Jan 9, 2017 7:09 PM

USDJPY Bullish Bat 4hr Chart  Long

U.S. Dollar/Japanese YenFXCM

Description

Buy at Point D @ 113.305

Stop Loss @ 112.358

Target 1 Fib (0.382%) @ 115.339
Target 2 Fib (0.618%) @ 116.595

Trade management move stop loss to break even when target 1 is hit or split your trade in 2 lots and take out 1 lot at target 1 and let the other one role.

Pattern is valid as long as price does not go beyond time fib 3 marked with a red vertical line on chart.
Do not use pending orders.
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