EUR/JPY 1D Bat Pattern.
Possible Bat Pattern formation on the daily chart.
IPDE, expecting the market to hit my D leg which is 88.6% retracement for market to rally back up.
* If a new C leg is form and its higher than my previous highest close, trade wont get activated.
Lets wait to see how the market reacts in the next couple of days (*after the weekend) and hopefully enter this trade if everything lines-up.
IPDE, expecting the market to hit my D leg which is 88.6% retracement for market to rally back up.
* If a new C leg is form and its higher than my previous highest close, trade wont get activated.
Lets wait to see how the market reacts in the next couple of days (*after the weekend) and hopefully enter this trade if everything lines-up.
Note
I didn't take this trade, since I was testing the Bat Pattern.As we can see it did reach target 1 easily for a total of approx. +130 pips
Note
Well we can see that it hit second target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.