USD/JPY - 1h Chart - Gartley & Bat Pattern
Light Grey - Bat Pattern - D leg completion at 125.082
Dark Grey - Gartley Pattern - D leg completion at 123.893
Price has now bounced off both the Gartley & Bat Pattern C leg which is a positive sign indicating we should get a completion of one advance pattern in the coming hours / day.
Taking a Fibonacci of the C to D leg of both the Gartley and Bat Pattern gives us a .382% Target 1 at structure resistance / support, which is a perfect area to take of half of our position and move stops to break even.
- Stop Loss Below / Above X
- Target 1 at .382 Retracement ( Once Target 1 is achieved, half of position taken off and SL moved to break even )
- Target 2 at .618 Retracement
Light Grey - Bat Pattern - D leg completion at 125.082
Dark Grey - Gartley Pattern - D leg completion at 123.893
Price has now bounced off both the Gartley & Bat Pattern C leg which is a positive sign indicating we should get a completion of one advance pattern in the coming hours / day.
Taking a Fibonacci of the C to D leg of both the Gartley and Bat Pattern gives us a .382% Target 1 at structure resistance / support, which is a perfect area to take of half of our position and move stops to break even.
- Stop Loss Below / Above X
- Target 1 at .382 Retracement ( Once Target 1 is achieved, half of position taken off and SL moved to break even )
- Target 2 at .618 Retracement