Lewis Glasgow
SixFigureCapital Representative
- Messages
- 64
Harmonic Trading (14 April 2017)
EUR/JPY: Bullish Bat
We are now forming a valid bullish bat pattern on the 4h chart which has opened up a trading opportunity with over 1:3 risk to reward.
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
The D point completes on a key level of support, I'm expecting price to stall out followed by a reversal.
Entry: 113.900
SL: 112.100
TP: 120.200
Click here to view my original analysis on TradingView.
EUR/JPY: Bullish Bat
We are now forming a valid bullish bat pattern on the 4h chart which has opened up a trading opportunity with over 1:3 risk to reward.
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
The D point completes on a key level of support, I'm expecting price to stall out followed by a reversal.
Entry: 113.900
SL: 112.100
TP: 120.200
Click here to view my original analysis on TradingView.