tmanuelasorina
Short

potential advanced bearish bat

FX:USDJPY   U.S. Dollar/Japanese Yen
272 4 15
USD/JPY             is forming a potential advanced bearish bat pattern
bgrant PRO
3 months ago
I notice you're on the daily here. Do you feel it's good to enter on the short today? Or wait until formulation of short entry candle on the next daily chart?
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tmanuelasorina bgrant
3 months ago
no no no
dont enter untill the pattern is completed
this is an important rule in trading the patterns .you must enter only at the completion point D and only in the specific condition of these two indicators
So please be patient untill the pattern will touch point D
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Swerver bgrant
3 months ago
I have opened a short here, its a valid reversal point and .618 retracement of current swing meeting with long bearish Trendline support.
Unlike the suggested ALT Bat scenario, you probably want to wait to define the C point, I am looking for a deeper bearish retrace as shown the Emerging Butterfly setup.

snapshot

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Swerver Swerver
3 months ago
I will often trade the C-D legs, with confirming confluences.
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