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USDJPY Potential Bat pattern completion above structureHere at last we got a Bat pattern to look out for during the night, it got very good R:R but what worries me is that price have to come above structure before it gets to our buy zone! I only take this trade because we have a pretty high completion rate of Bat patterns on this pair. RSI is moving into overbought area so its good and you know the rules for Stops, Entry and Targets. If price goes south before hitting our entry the setup becomes invalid at the close below C point. Its been a busy night analysing i got 9 pending orders on my 10 pair portfolio and its 2AM right now so its going to be a busy nigt and day tomorrow with news and all. Its the name of the game! Please comment if you like these simple sharings from me. Kind Regards Thomas Jeff
Short
by UnknownUnicorn101425
3
Gartley Pattern Completion Trade GBPJPYChart : red dotted line = structure level red trend line = stop loss violet trend line = entry green trend line = target Bought at 171.313, we went for a double bottom into previous structure support (red dotted line). A 2618 trade opportunity has been noticed in lower time frame (15MIN) Now, it should be easy to get higher into our target, 172.091. If market makes a new higher low, we'll move the stop a little higher. I entered this trade because of : - 30% RSI - Gartley pattern completion - Previous structure support/resistance - Long legged doji for further confirmation of the PRZ (potential reversal zone) - Ratio confluence
Long
by alphabetacharlie
10