Oztrade
Long

USDJPY - Potential Bullish Bat Pattern - Advanced Pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
619 1 4
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
Oztrade
a year ago
Pattern Invalid C leg past the A leg
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