USD/JPY - Bullish Bat
Updated
What's up everyone, here we have USD/JPY with a bullish bat pattern on the 30m chart, this is a short term trading opportunity.
Excellent opportunity with over 1:2 risk to reward, as you all know that is my bare minimum for taking a trade.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
NZD/CHF is running in a nice profit and I'll be looking to add this position to the list whilst keeping it at a maximum 1% risk.
Excellent opportunity with over 1:2 risk to reward, as you all know that is my bare minimum for taking a trade.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
NZD/CHF is running in a nice profit and I'll be looking to add this position to the list whilst keeping it at a maximum 1% risk.
Comment
Put your stop loss into profit once we reach 109.300.Comment
Approaching 109.300, once it hits move your stop loss to break even to secure the trade.I'm just alerting everyone ahead of time :)
Comment
We have passed 109.300... All of you should now have moved your stop loss into profit!Safe trading everyone.
Trade closed: stop reached
Trade taken out at break even, small gain, let's move onto the next one!
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