Hi All, I just wanted to share this potential Bullish Bat Pattern forming here on USDJPY.
As always Entry Stops and Targets on screen
Entry - Standard Bat 88.6%
Stops - Below our X leg @ minimum 1.113%
Initial Targets from our D completion - 38.2% and 61.8% retrace from A to D leg - targets to be adjusted on D completion.
As I am typing this price is going upwards on the C move, if we see the drop past B then it should be a good opportunity for a D completion.
Remember if A leg is violated then this pattern will become invalid
Good luck and happy trading
As always Entry Stops and Targets on screen
Entry - Standard Bat 88.6%
Stops - Below our X leg @ minimum 1.113%
Initial Targets from our D completion - 38.2% and 61.8% retrace from A to D leg - targets to be adjusted on D completion.
As I am typing this price is going upwards on the C move, if we see the drop past B then it should be a good opportunity for a D completion.
Remember if A leg is violated then this pattern will become invalid
Good luck and happy trading
