Pretty simple situation in this 240min EURJPY -0.01% chart.. Price has broken below a long term uptrend and is now in a corrrection below the uptrend. In case it moves higher to test the broken level, most likely we will have the completion of a bearish bat pattern, which i am definately going to trade. Sloploss should be placed above X point and tp should be considered based on structure of the uptrend (the blue lines represent potential tp)
Bearish bat:
Bearish bat:
