TomHall
Long

USD/JPY - Bullish Bat Pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
On the USD/JPY             4h chart we have a potential long opportunity at the D leg completion of a Bat Pattern

The price reversal zone on this pair is between 118.671 & 118.055
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support .

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Learn To Trade The Bat Pattern .
How To Trade The Bat Pattern.
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This trade is now live.
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snapshot
+2 Reply
TomHall TOP kopparam
Nice chart Kopparam.
I am also watching the bullish Cypher Pattern, however there is currently more confluence to take the Bat Pattern.
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In on this trade; some strong S & R at Bat completion; nice R/R; thanks;
+1 Reply
TomHall TOP marcus123
I agree, simplicity is the key.
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Law.ahead TomHall
actually am always satisfying with your ideas, very useful thank you Tom.
+1 Reply
TomHall TOP Law.ahead
Thanks very much for the feedback :-)
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TomHall TOP SpookiMan8
Nice setup mate, Hopefully price can get up there.
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Law.ahead TomHall
hi, target still on process. price making double bottom, right?
+1 Reply
TomHall TOP Law.ahead
That's correct, we will have to see what happens off this double bottom.
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