madi052893trading

A pattern based trade setup for bias on long and short

FX:USDJPY   US-Dollar / Japanischer Yen
Hi a potential bullish Bat pattern is already completed forming a Doji candle here on the Daily timeframe . We could look for LONG/BUY signal on the lower timeframe. Candle breaking and Closing the potential S/R, I could apply my CRT             -1.92% and expect price to go back down to complete another pattern for a long/buy opportunity which is a bull bat and a crab pattern . Deep crab pattern potential as well If Bull Bat now would atleast take TP 1 (minimum requirement for a deep crab's C point).

Disclaimer:
Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
I agree with your analysis. I am expecting it to consolidate around that support level but reverse and with a strong upward trend. Thanks for the analysis
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