AUDJPY, 15min, potential Bat pattern
We are in an underlying down trend, which means that you should be a little extra restrictive with patterns like this.
The bat pattern is relatively deep (B-point), which also speaks for smaller profit target(s).
PRZ coincides with a smaller support level which can speak for at least a 38.2% recoil to make a small profit.
If you run 2 positions you have to be tight with SL and maybe even trail it to protect at least a smaller profit for
this 2nd position - it is all up to one's own rules for trade management.
The bat pattern is relatively deep (B-point), which also speaks for smaller profit target(s).
PRZ coincides with a smaller support level which can speak for at least a 38.2% recoil to make a small profit.
If you run 2 positions you have to be tight with SL and maybe even trail it to protect at least a smaller profit for
this 2nd position - it is all up to one's own rules for trade management.
Henrik Siverhall
SMC Trading
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SMC Trading
Är du intresserad av vårt mentorskap - "Basic" och "Avancerad" mentoring.
smctrading.se
Sveriges största FB grupp för nybörjare
bit.ly/ptse-fb-basic
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