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Raymond_Jeffries

USDJPY Multiple Pattern Setups

Short
U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
Raymond_Jeffries Updated   
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Harmonic Patterns Gartley Bat Bearish Gartley Bearish Bat structure-trade structuretrade structuretrading
1
0
harmonicpatterns gartleypattern batpattern bearishgartley bearishbat structure-trade structuretrade structuretrading
Looking at this pair it looks like we have a few patterns setting up. Depending on what you trade we have a valid Bear Bat Pattern and Bear Gartley Pattern as well. I will be looking at taking the first to complete which is the Bear Bat Pattern. The Risk/Reward to target 1 is about 1/1.25 and to target 2's is roughly 1/2.

-Raymond Jeffries
Comment:
Target 1's hit and now stops moved to break even for the 2nd half of the position.
Comment:
Target 2 hit and now out of this one
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