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KarYong
Apr 12, 2015 1:12 PM

USDJPY: Bearish Bat completion near the top Short

U.S. Dollar/Japanese YenFXCM

Description

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
Comments
TradeYodha
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 tradetradingview.com/v/wFwiiXXw/
UnknownUnicorn101425
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
KarYong
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.
UnknownUnicorn101425
Thanks a lot it´s an pretty good idea for a valuation of the pattern. I will try it out!
UnknownUnicorn101425
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
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