Good morning traders,
USDJPY shown very nice weakness on 13 februari where the price broke a very strong support zone (daily chart).
After this break i am very bearish on this pair. I think the price can continue down at least to 104,100.
So this bat pattern can be a reason to get involved with a short opportunity!
Also the RR is very attractive..
Lets see if this bat can complete.
SL: 107,786
T: 105,249
Best regards!
USDJPY shown very nice weakness on 13 februari where the price broke a very strong support zone (daily chart).
After this break i am very bearish on this pair. I think the price can continue down at least to 104,100.
So this bat pattern can be a reason to get involved with a short opportunity!
Also the RR is very attractive..
Lets see if this bat can complete.
SL: 107,786
T: 105,249
Best regards!
Note
There is an inner gartley completion. if i see an LLLC candle i might enter this gartley aswell.Trade active
Entered the gartley after we gapped down at market open.T: 105,249
SL: 107,300
Trade closed: target reached
Finally targets hit for a nice 122 pips win.Patience pays
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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.