Fxprotrader
Short

USDJPY: Pending Bearish Bat Pattern at Broken Uptrend

FX:USDJPY   U.S. Dollar / Japanese Yen
1111 8 37
Pending bearish bat pattern:

Entry Level: 113.565
Stoploss: 114.405
Profit targets: 111.65, 110.685

If price reaches the first tp, move sl at breakeven to second position
Comment: Uptrend breakout:
Trade active
Hey.. should we try and enter again?
What do you think??
Reply
Fxprotrader IshanTripathi
@IshanTripathi, No, because as you may see price went up sharply and is now correcting.. Most likely another up move is coming.. That's what i believe
Reply
IshanTripathi Fxprotrader
@Fxprotrader, Okay. Thanks
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IshanTripathi Fxprotrader
@Fxprotrader, But also looks like a Double Top Pattern (Bearish Reversal).
Reply
Fxprotrader IshanTripathi
@IshanTripathi, If you trade double tops, then it's a good sell.. but based in my analysis most likely another impulse up is coming.. Good luck with your decision :)
Reply
IshanTripathi Fxprotrader
@Fxprotrader, Okay. thanks..
Reply
This is great chart...exactly what i was looking for?
I have entered late but am in..
Reply
Fxprotrader IshanTripathi
@IshanTripathi, Ok, good luck..!
Reply
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