TomHall
Short

USD/JPY - Bearish Bat Pattern

FX:USDJPY   U.S. Dollar / Japanese Yen
On the USD/JPY             Daily chart we have a potential short opportunity at the D leg completion of a Bat Pattern .

The price reversal zone on this pair is between 124.194 & 125.235
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .

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nice work
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TomHall Piet.Hein
Much appreciated
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+1 Reply
For me personally I see this as a Bat Pattern, as it doesn't quite hit the 0.618% retracement.
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Hello, one question, you have more experience trading harmonic patterns. Can we consider this a bat? i saw other traders posting the same setup. Point B it touching the 0.61 fib retracement of XA leg. I think a gartley fits better following the rules i know. Regards.
+1 Reply
TomHall FullTimeTrader
Hi,
This would all depend on your trading platform.
The B leg retracement is very very close to the 0.618% but doesn't quite touch it, so I stick to my rules as a Bat Pattern and not a Gartley.
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Really nice!! Thumbs up mate
+1 Reply
TomHall Josphat89
Appreciate the feedback, have a good day.
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Thank you Tom
+1 Reply
TomHall pyramids_Forex
Nice chart mate.
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