akyong
Short

USDJPY: Bearish Bat completion near the top

FX:USDJPY   U.S. Dollar/Japanese Yen
Current Sentiment: Bearish

Pending Technical Score (PTS)

Direction with trend: +1
SnR             Confluence: +1
Trendline Confluence: 0
161 Harmonic Confluence: +2

Total: 4/8

Place pending order.

I would love to hear your opinion, feel free to comment, agree or disagree.

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KY
Your tecnical score system looks very interesting do you mind to share any secrets aboute how you valuate patterns with it?

Kind regards
Thomas Jeff
Reply
akyong PRO ThomasJeff_DCM
This is what each component means:

Direction with trend: if the trend is bullish and we have a bullish pattern, we give it a +2. If not, then 0.

SnR Confluence: if there is a support or resistance at PRZ, we give it a +2, if not 0.

Trendline Confluence: if there is any trend line support/resistance that coincides with PRZ. If yes, +2. If no, 0.

Harmonic Confluence: if there is any fibo extension that coincides with PRZ. If yes, +2. If no, 0.
Reply
Thanks a lot it´s an pretty good idea for a valuation of the pattern. I will try it out!
Reply
Your tecnical score system looks very interesting do you mind to share any secrets aboute how you valuate patterns with it?

Kind regards
Thomas Jeff
Reply
this is great. I have this on my radar too. Especially when dollar index is reaching a level of resistance it makes more sense to have this kind of trade
#USDJPY Multiple Opportunities 4H/1H(Bats, Structure, Harmonics)
+1 Reply
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