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LewisGlasgow
5 Sep 2017 pukul 18.24

USD/JPY - Bullish Bat Panjang

U.S. Dollar/Japanese YenFXCM

Huraian

What's up everyone, here we have USD/JPY with a bullish bat pattern on the 30m chart, this is a short term trading opportunity.

Excellent opportunity with over 1:2 risk to reward, as you all know that is my bare minimum for taking a trade.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

NZD/CHF is running in a nice profit and I'll be looking to add this position to the list whilst keeping it at a maximum 1% risk.

Komen

Put your stop loss into profit once we reach 109.300.

Komen

Approaching 109.300, once it hits move your stop loss to break even to secure the trade.

I'm just alerting everyone ahead of time :)

Komen

We have passed 109.300... All of you should now have moved your stop loss into profit!

Safe trading everyone.

Dagangan ditutup: hentian tercapai

Trade taken out at break even, small gain, let's move onto the next one!
Komen
TAJIR_B
active for me, thanks
LewisGlasgow
@TAJIR_B, it's moving nicely so far
Armindo
Lewis, is it possible to see an ABCD pattern here?
LewisGlasgow
@Armindo, yes I can see the structure, if price breaks the current level of support the selling volume may increase, be cautious of where you place your SL if taking the trade.
LewisGlasgow
@Armindo, seems like an AB=CD would've been a good buy in that area, well picked out!
Armindo
@LewisGlasgow, Thanks! As you say, very cautions with the SL.
Armindo
Great Lewis.
I will do so.
Thanks
LewisGlasgow
@Armindo, perfect!
Pip_maestro
i missed this one. brilliant setup
LewisGlasgow
@kithaka69, Thank you, JPY pairs have been excellent lately!
Lebih