About meBased in Singapore, 10 years of Banking and Trading Expeirence. Forex and Future Mentor and Trainer, BILINGUAL both English and Chinese Teaching.
Trained more than 1000 traders in the past 5 years. Founder of Harmonicasia and Jack Trading Academy
ALTHOUGH POINT C IS NOT AT TRADITIONAL 0.618 AB BUT STILL NOT VIOLATING A.
SO STILL CONSIDER A BAT PATTERN.
ENTRY POINT IS 0.886 OF XA AND ALSO 1.27 AB LEG
AREA AROUND 100.30- 100.50
WATCH FOR REVERSAL SIGN AND ENTER.
GENERALLY I FEEL USD JPY WILL STILL BE BULLISH IN THE LONG RUN WHICH MAY POINT TO 105.
THE PRZ is ard 168.30-168.50 areaRSI shows over bought and NFP doesn't push JPY to a new high.
Target 1 is point D which is 1.27 of AB leg and also 0.786 of XA leg. Around 164.83 - 164.97
Then we can long from that area, looking for a reversal sign again.