FX:USDJPY   U.S. Dollar / Japanese Yen
Hey all,

Here is a potential Bat pattern (The one in orange) getting pretty close to completion on USDJPY 4H. Gives us a great Risk Reward on this due to the 'messy' nature of the pattern legs - a 1:1.5 on target 1 alone!

Will be looking for a completion of X later on today. Stops are placed quite nicely as well above the X leg.

Fibsii
Comment: Order filled and in the trade - Seen a slight roll over to the downside but far too early to know the outcome yet!
Comment: Target 1 hit.
Now looking for an extension down into target 2 and stop losses have been moved to break even. It is now a risk free trade.

Comments

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