USDJPY Bat pattern in a DOWNTREND on 60.
Price action came to potential reversal zone. We can take extended targets if bat pattern is in direction of the trend.
Entered Bat pattern little bit below original entry
Nice risk/reward,
SL is above previous resistance.
Target1 at previous structure low of the last impulse leg.
Target2 is based on Daily timeframe structure and fibonacci confluence.
Entered Bat pattern little bit below original entry
Nice risk/reward,
SL is above previous resistance.
Target1 at previous structure low of the last impulse leg.
Target2 is based on Daily timeframe structure and fibonacci confluence.
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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.