Already completed Bat formation on USDJPY,60 min chart
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
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!