USD/JPY: Bullish Bat

in forex •  7 years ago  (edited)

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.

Click here to view my original post on TradingView.

Don't forget to upvote, resteem and follow me for in-depth market analysis and investing education.

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7 years ago by

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      ·  7 years ago 

    thanks for this information

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        ·  7 years ago 

      You're welcome @amirul!

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