Bearish Bat - CHFJPY (4hr chart)

Potential Bearish Bat - expected completion by 25 Feb
Tp1: 113.253
Tp2: 112.702
SL: 114.507

Commento:

Bearish candle wick has touched the farthest line of PRZ. Waiting for another bearish candle to do it completion of D at 114.037. Will open trade and target to reach the 2 TP levels stated above

Trade attivo:

Entered trade - will see how it plays out.

Trade chiuso: obiettivo raggiunto:

TP 1 reached: 114.037 -> 113.584 (45 pips)

Commento:

Position still open to target achieving TP 2

Commento:

TP 1 was closed early (about 33 pips early).

Trade chiuso: stop raggiunto:

TP2 not reached: Price hits SL at 113.950

Commento:

Will continue to see how price plays out for this pair when market opens

Commento:

TP 1 is hit again.. hmmm

Commento:

Could have reached both TP1 and TP2.
Lesson learned: Be confident in my own trade ideas and let the trade play out.