yoseph.ronald
Long

USDJPY Bullish Bat Pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
28 4 1
2 times almost hit the entry point. and finally it hit. i wonder this pattern is still valid, since it almost hit the entry point and after the rebound, the price hit the TP 1 and the TP 2

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Yes. It is still valid because tp1 and tp2 don't exist until the pattern is complete. So doesn't matter what price did before it completed. The bounce was all just part of the CD leg. Now the question becomes, do you take the trade? Personally, I gotta see other supporting factors and not just take a trade just because the pattern is complete.
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yoseph.ronald EverythingForex
a year ago
Hi thanks for the comment, yes i take this trade. and. based on higher time frame there is structure, as the chart below
USDJPY Sitting on the structure
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yoseph.ronald EverythingForex
a year ago
I Just hit the SL, yeah maybe i should wait for other support level.. Lol.. Thanks again
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EverythingForex PRO yoseph.ronald
a year ago
Np. It happens. Nothing is 100%. That's why I don't normally take a trade unless there are at least 3-4 supporting factors why I should. Even then, it's not a sure thing! Live and learn.
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