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
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
Commento:
Order filled and in the trade - Seen a slight roll over to the downside but far too early to know the outcome yet!
Commento:
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.
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.