akhostov
Long

Bullish Bat Pattern USD/JPY (15 Min)

FX:USDJPY   U.S. Dollar / Japanese Yen
71 2 2
There is a Bullish Bat Pattern forming with completion at 117.425.

Some good signs include the confluence between the 0.886 XA retracement and the 2.618 BC             extension. Furthermore, we do find structure (previous support) slightly below at 117.352, such that we can see a continuation of USD/JPY             fall down into the PRZ (Purple) and touch support (red) with a reversal.

Now, the one thing that would ensure that this pattern is respected is if we find the break of strong support/resistance at 118.275. If prices fall below that, then we can expect a possible Bat pattern completion to be more likely.

Trade wisely, Trade responsibly.
Pattern did complete.

First target at 117.702 was reached.

Looking to see if prices will move higher to my second target (118.221)
Reply
we now have passed the structure (in green). Next stop: D point for Bullish Bat Pattern Completion
Reply
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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