EUR/JPY 1D Bat Pattern.
Updated
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.
Comment
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
Comment
Well we can see that it hit second target.
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