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Roker1
Feb 2, 2017 12:49 PM

Bat pattern on USDJPY Long

U.S. Dollar/Japanese YenFXCM

Description

Hey guys,
today i got long on this pair, due to an advanced pattern formation known as "Bat" formation. This pattern completed right at 4h support and therefore i know it could be a nice zone to buy. Stops below X, targets at .328 e .618 retracements of AD leg.
Good luck!

Feel free to comment below for anything.
Otherwise, see you in the next chart!

Trade closed: target reached

First target hit! Stop moved to break even

Trade closed: target reached

Like i was expecting, price spike toward my second target after a news event. 2 targets win! Have a good weekend guys!
Comments
musiq787
Sweet! Saw that jumo just now :)
musiq787
Boom! Nice one dude.
Roker1
Hey @musiq787, thank you very much! Hope the second gets hit!
musiq787
@Roker1, Take profit and go have a beer + relax :)
Telson
Thank you @Roker1, great analysis and results.
Roker1
Hey @Telson, thanks!!
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