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lyl89

USDJPY - Bullish Bat Pattern Completed on H1 Chart

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
lyl89 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Harmonic Patterns Bat USDJPY usdjpylong Bullish Bat harmonicforex
12
0
harmonicpatterns batpattern usdjpy usdjpylong bullishbat harmonicforex
Bat pattern has just completed with RSI at oversold level.

Do not buy now, wait for current hour candle to complete and see if RSI shows any sign of reversal back to 30.
Alternatively, use 30 minute chart for good entry.

R:R at 1.1 (TP1) and 1.8 (TP2).
Comment:
Shift SL to breakeven, price seems to be following the bearish ED channel drawn below :
snapshot
Trade closed manually:
Closed at breakeven.
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