USDJPY - 4H - Bat

23 Şub 2016

We are currently approaching this Bat with nice ratio confluence at the 886. further we have a 3 wave downward channel inside the CD leg. as long as we dont violate the channel to the upside before we get the fill at the 886 i would think that this is a pretty strong setup.
Ofc it will lose massivly in strengh if we get some bigger relief above the upper dashed line before we get down to the 886. so if that happens i will probably cancel my orders. but i dont think thats likly goin to happen.

this setup will also be my watchlist setup for lowertimeframe stuff in long direction if we get there, but one thing at a time

24 Şub 2016

İşlem aktif

25 Şub 2016

Not

TG1 hit, stops to breakeven. we already broke the upper trendline so im lookign for a suitable addon soon if we find a good consolidation to buy from

25 Şub 2016

Not

currently looking for an addon if we can break this flag to the upside

26 Şub 2016

İşlem kapandı: hedefe ulaştı

My TG2 hit this night for both addon and original. did pull it a bit down, i forgot to update this, mybad.
but dont get impatient, we will probably get up there again.
im also looking at an second addon for the potential tg3 run

26 Şub 2016

İşlem aktif

trade active for a while now but not much movement in the market
TG1 1335ish at a retest of this swing (just below the 618 of the bat) for a quick 1:1
i expect resistance there. thats why im taking profits and pulling my stops BE. TG2 aligns with the last target of the Bat.
i only trade this addon with a small position since its a late addon, which reduces the strengh.

26 Şub 2016

İşlem kapandı: hedefe ulaştı

addon TG1 reached. addon stops to breakeven. all other stops below recent consolidation, so 112.50ish, in case we see a bigger reaction from the 618.

all remaining position have the 786 (was adjusted) as target. this is the cypher pattern completion point. i suggest goin below the even number so 113.98 or something.