Bearish Bat Pattern at the USDJPY
Sell at point D around 120.795
Stop Loss at 1.13% Fib of point XA around 124.521
Target 0.618% of DC 107.617
Risk/Reward Ratio 3.47
Trade Management
Move stop loss to break even when price hits the 0.382% Fib of DC at around 112.582
Do not take trade if price goes near or beyond the Time Fib 3% vertical red line on the chart
Sell at point D around 120.795
Stop Loss at 1.13% Fib of point XA around 124.521
Target 0.618% of DC 107.617
Risk/Reward Ratio 3.47
Trade Management
Move stop loss to break even when price hits the 0.382% Fib of DC at around 112.582
Do not take trade if price goes near or beyond the Time Fib 3% vertical red line on the chart
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.