Potential Bearish Bat EUR/JPY
Updated
Hey Traders,
As price is pushing up, we have a potential advanced pattern presenting itself at 122.239 in the form of a bearish Bat. As usual, I will be setting my targets at the 38.2 & 61.8. Stops will be below X, you might be wondering why I don't exactly mention where my stop placements are set. I strongly advise people to only trade strategies that you have back-tested and collected proven data, by doing so you should trade in correlation to your back-testing.
Please check your data on this trade and ensure your C leg is not lower than A leg as that will invalidate this pattern.
Well, let me wish you a lovely weekend. Unfortunately, I have dislocated my shoulder and typing this with only one hand. Plan to rest this weekend and avoid straining the muscle and nerves already damaged.
Have a good one traders.
As price is pushing up, we have a potential advanced pattern presenting itself at 122.239 in the form of a bearish Bat. As usual, I will be setting my targets at the 38.2 & 61.8. Stops will be below X, you might be wondering why I don't exactly mention where my stop placements are set. I strongly advise people to only trade strategies that you have back-tested and collected proven data, by doing so you should trade in correlation to your back-testing.
Please check your data on this trade and ensure your C leg is not lower than A leg as that will invalidate this pattern.
Well, let me wish you a lovely weekend. Unfortunately, I have dislocated my shoulder and typing this with only one hand. Plan to rest this weekend and avoid straining the muscle and nerves already damaged.
Have a good one traders.
Comment
Winsome and you lose some, trading all about gives and take. Stops have been hit.
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