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YemiTrader
Oct 13, 2016 2:20 PM

TCT Using Advanced Pattern as entry Technique Long

U.S. Dollar/Japanese YenFXCM

Description


There is a potential trend continuation trade on the USDJPY -0.72%

Building a case for Entry
1. Major Structure Support
2. AB=CD Harmonic move terminating at structure
3. Advanced Bat pattern Completing at structure

I'll be using the bat pattern as my entry technique to get into the trade. As far targets go, you could shoot for the conventional targets or trade this as a TCT where you target the previous structure high, exit half your position, roll stops to breakeven and probably shoot for the 127 extension for extended targets. Cheers!
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