Roker1
Short

Bat pattern on USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
Hey guys,
i want to share a nice opportunity that could complete in few hours. It is a Bat formation and its completion comes right near an important 4hr structure (blue line), on the daily we recently broke below a support level and this represents a test also of that level.
Please note it would not be a valid pattern taking the fibs from the very high, but i decided to use that X because stops would anyway be safe above that high with my stop loss position. If you want to take this pattern make sure your stop is above 115,60s.
Targets as usual at .382 and .618 retracements of AD leg.
Good luck!

If you want to ask questions or share your standpoint, feel free to write below.
Otherwise, see you in the next chart!
Trade active
Trade closed: target reached: First target hit! Stop at break even
Trade closed: target reached: Second target hit! +250 pips
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw

Related Ideas

just went short at 115.27 ..stop at 115.67 .....what do you think ?
best
Tony
Reply
Roker1 TOP tonyferrino
Hey @tonyferrino, i think if you followed you rules it is a good trade, i don't know what the market is going to do :) btw thanks for the comment tony
Reply
Roker1 TOP Niverto
@Niverto, nice!
Reply
Nice trade Roker1
Reply
Roker1 TOP brawhytie
Hey @brawhytie, thank you!!
Reply
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