I see a bat completing on USDJPY.
Pattern identification
USDJPY Bearish Bat at 111.20.
Trade Execution
Will initiate sell at market now 111.14.
SL will be at 111.40 (24)
TP will be at 110.55, the 0.618 Fib retracement of AD (59)
Pattern identification
USDJPY Bearish Bat at 111.20.
Trade Execution
Will initiate sell at market now 111.14.
SL will be at 111.40 (24)
TP will be at 110.55, the 0.618 Fib retracement of AD (59)
Trade closed: stop reached
Got too greedy on this.AD Fib 38.2% is the 1st profit target, we should always secure some profits at this level for Bat pattern.
Instead of a 35 pips profit, I ended up with a 25 pips loss.
Another lesson learnt for the week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.