+++ Don't forget to LIKE & Follow+++I'm looking at a potential way for hopping on the bearish trend EURJPY - there is a possible Bearish Bat Formation here on 1H.
My reason for entry will be exact this Bat and if you look left you will see that completion level is right between Previous Structure Low and PullBack (purple arrows). I love when there is advanced pattern that is aligned with underling trend and Completion level is right it in a KillZone. This stacking is enhancing the probability price to head in our way.
Stops above X and Pullback. 1st Target is conventional for 2nd target since we are in a trend mode I'll be looking for a retest of A's leg - 2nd target will get awesome R/R factor.
Entry @ 114.52
Stop @ 115.13
Initial Target 1 @ 113.67
Initial Target 2 @ 112.45
Good Luck!
-Alex
I'm a Professional Currency Trader & Mentor with years of trading experience.
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My reason for entry will be exact this Bat and if you look left you will see that completion level is right between Previous Structure Low and PullBack (purple arrows). I love when there is advanced pattern that is aligned with underling trend and Completion level is right it in a KillZone. This stacking is enhancing the probability price to head in our way.
Stops above X and Pullback. 1st Target is conventional for 2nd target since we are in a trend mode I'll be looking for a retest of A's leg - 2nd target will get awesome R/R factor.
Entry @ 114.52
Stop @ 115.13
Initial Target 1 @ 113.67
Initial Target 2 @ 112.45
Good Luck!
-Alex
I'm a Professional Currency Trader & Mentor with years of trading experience.
Download my Free Ebook & transform your trading Today! bit.ly/2b0ky6D
If you'd like to see more good trading ideas from me, click the "Like" button!
You can get my trading ideas immediately, just make sure to follow me.