AUD/JPY - Bearish Bat
Hello, traders!
Here in Scotland with LewisGlasgow and @ KyleMcquade! We are having a great time building bonds, growing and learning with the Six Figure Capital team!
Today, we have spotted a bearish bat on the 4H chart with AUD/JPY.
Once price hits D point (87.140), we can look to enter out position and sell it down to 83.750.
The take profit level shows confluence in respect to the support line I have shown just below the pattern.
Risk/Reward Ratio - 1:3
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
Here in Scotland with LewisGlasgow and @ KyleMcquade! We are having a great time building bonds, growing and learning with the Six Figure Capital team!
Today, we have spotted a bearish bat on the 4H chart with AUD/JPY.
Once price hits D point (87.140), we can look to enter out position and sell it down to 83.750.
The take profit level shows confluence in respect to the support line I have shown just below the pattern.
Risk/Reward Ratio - 1:3
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.