EURJPY - Bullish Bat Completed on H4 Chart
- Bat pattern has completed with price closing inside PRZ, also known as the terminal bar.
- RSI very close to oversold level.
- Good R:R at 2.4 (TP1) and 3.9 (TP2).
- Price alerts on PRZ again to keep myself notified.
- When market opens on Monday, I will be monitoring the next few candles before I enter.
Note
Price has started to reverse.However, it was slightly late when I saw the chart.
Traders may choose to enter long now at 118.84 as it not too far off PRZ.
Traders may choose to wait for price to get back to PRZ.
Do manage your lot size.
Trade closed: stop reached
Stopped out at 70 pips.
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.
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.