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.




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.
1dBatEURJPYlcmsluisk_93menendez

Disclaimer