POTENTIAL - USDJPY - 60M BEARISH BAT PATTERN - CYPHER
Hi All,
I wanted to share this potential Bearish Bat Pattern Setting up here.
Again ENTRY GREEN - STOPS RED
We will be looking for price retrace levels at 38.2% and 61.8% for our targets.
Keep your entry just below 88.6% and Targets just above the 38.2 and 61.8 to make sure order is filled and targets are hit.
Also keep a look for a Stop Reverse Bullish Cypher if this pattern Completes.
I will post it if I have time - many times we just dont have the time to post all of our active trades. Depending on how fast we see price movement.
I have marked a Bear Cypher - but I will be entering BAT based on Structure
Also Check your Data on this with your Execution Platform - FXCM BID Data shows the B leg missing the 61.8 making it a valid BAT which is the Data we use for all Sell Orders - If you have the ASK Price clicked then price hits the 61.8% so you wouldnt recognize it as a BAT Pattern.
Very Important for validation - BID for Sell - ASK for Buy
Good Luck and Happy Trading
I wanted to share this potential Bearish Bat Pattern Setting up here.
Again ENTRY GREEN - STOPS RED
We will be looking for price retrace levels at 38.2% and 61.8% for our targets.
Keep your entry just below 88.6% and Targets just above the 38.2 and 61.8 to make sure order is filled and targets are hit.
Also keep a look for a Stop Reverse Bullish Cypher if this pattern Completes.
I will post it if I have time - many times we just dont have the time to post all of our active trades. Depending on how fast we see price movement.
I have marked a Bear Cypher - but I will be entering BAT based on Structure
Also Check your Data on this with your Execution Platform - FXCM BID Data shows the B leg missing the 61.8 making it a valid BAT which is the Data we use for all Sell Orders - If you have the ASK Price clicked then price hits the 61.8% so you wouldnt recognize it as a BAT Pattern.
Very Important for validation - BID for Sell - ASK for Buy
Good Luck and Happy Trading
