Hi All, I just wanted to share this potential Bullish Bat Pattern forming here on USDJPY.
As always Entry Stops and Targets on screen
Entry - Standard Bat 88.6%
Stops - Below our X leg @ minimum 1.113%
Initial Targets from our D completion - 38.2% and 61.8% retrace from A to D leg - targets to be adjusted on D completion.
As I am typing this price is going upwards on the C move, if we see the drop past B then it should be a good opportunity for a D completion.
Remember if A leg is violated then this pattern will become invalid
Good luck and happy trading
As always Entry Stops and Targets on screen
Entry - Standard Bat 88.6%
Stops - Below our X leg @ minimum 1.113%
Initial Targets from our D completion - 38.2% and 61.8% retrace from A to D leg - targets to be adjusted on D completion.
As I am typing this price is going upwards on the C move, if we see the drop past B then it should be a good opportunity for a D completion.
Remember if A leg is violated then this pattern will become invalid
Good luck and happy trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.