RE: AUDJPY / 1HR 7 POTENTIAL BAT PATTERN

19 thg 1, 2016

Here is a BAT Pattern audjpy

BAT PATTERN

PAIR: audjpy

TIME-FRAME: 1HR

TRADE: BAT PATTERN

Waiting for a short opportunity on the
audjpy 1 Hour time frame.

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BAT PATTERN ;

Once you identify your anchor leg draw your fib retracement from your X leg to your A leg.
Your B leg should touch the .50 retracement but should not touch the .618.
Now that you have your B leg, draw a fib retracment from A to B.
Your C leg should touch the 0.382 but should not touch the A.
Now that you have your B leg draw, a fib retracement from X to A
Finally draw a fib extension from A to B and back in.
Your D leg should come in at the 0.886
For the Bat Pattern, draw your targets from A to D.
Your targets should be at the .382 and the .618.
At here I put my stops at least 1:1 with first target.
Also, once you hit target 1, roll your stops to break even.
Once you do that you are in a risk free trade. That's all there is to it.


DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.