SamRavdandorj
Short

Already completed Bat formation on USDJPY,60 min chart

FX:USDJPY   U.S. Dollar / Japanese Yen
Hi guys,
We have a bearish bat formation on hourly chart, which is already triggered and tested PRZ half way.
And also this zone is previous support/resistant structure.

This one can be good trade with risk reward around 1.5 at the first target 38% FIB lvl even when you place stop loss 10 pips above the whole PRZ, you can aim for target 2 at 61% and so on.

If you are not on this trade yet, there is still time to get on the train when market opens on monday!

Good Luck
Sam
Trade closed: target reached: target 1 reached! lets see if we can hit target 2
Trade closed: target reached: Target 2 reached as well! perfect!

Comments

Hi mate, nice work! What stop loss do you suggest?
Reply
@mdavo79, mostly i put stops above X leg, but in this case i put stops above previous resistance zone. Good luck mate!
Reply
mdavo79 SamRavdandorj
@SamRavdandorj, Thanks for coming back to me Sam. Appreciated. Brilliant analysis by the way. I'll definitely look out for yours in future!
Reply
@mdavo79, thank you!!! Wish u best
Reply
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