The chart shows a Bat pattern completion for a long opportunity. There is a strong support level at 1.546x as the structure support was tested twice previously. We have more than 1-1 Risk/Reward ratio on first target. You may entry at D-Leg or wait for a full pull back to structure (depends on your rules).
The chart shows a Gartley pattern completion for a short opportunity. We also see a major structure resistance at X-Leg where we our stops at which makes us a 1-1 Risk/Reward ratio on our first target. As we see USDJPY is trading sideways at this moment, we can set our 2nd target all the way back to C-leg (or even back to previous structure support at 123.2x.
This is a Cypher pattern completion trade. Price is trading side-ward and now retesting previous highs where we see some resistance. Since the Risk-Reward ratio is less than 1 if enter at .786 (as I add 25 pips for cut loss at X-leg), you could wait for at least 1-1 ratio for an entry. Any thoughts?