ThomasJeff_DCM
Short

USDJPY Potential Bat pattern completion above structure

FX:USDJPY   U.S. Dollar/Japanese Yen
Here at last we got a Bat pattern to look out for during the night, it got very good R:R but what worries me is that price have to come above structure before it gets to our buy zone! I only take this trade because we have a pretty high completion rate of Bat patterns on this pair. RSI is moving into overbought area so its good and you know the rules for Stops, Entry and Targets. If price goes south before hitting our entry the setup becomes invalid at the close below C point.

Its been a busy night analysing i got 9 pending orders on my 10 pair portfolio and its 2AM right now so its going to be a busy nigt and day tomorrow with news and all. Its the name of the game! Please comment if you like these simple sharings from me.

Kind Regards
Thomas Jeff
Oztrade
2 years ago
Nice one Thomas - I just noticed this and published as well - good luck
Reply
Its teasing us today, but did you get the homerun on the AUD/USD AUD/NZD and i did not get filled on the EURGBP trade but some did it was a homerun too. so 3 for 3 this morning

Kind Regards
Reply
Price reached the resistance and made a pullback, lets hope its strong enough to push back up true and continue its way, only time will tell
Reply
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