Potential Long EURJPY 1hr Chart. Bullish Bat Pattern

12 de dez. de 2016

I'm looking to get Long EURJPY as we've had multiple structure breaks to the upside on the daily chart. Hoping for a pull back into the 119 even handle where I will have my limit order to get long. This 119 level comes in right around a Bullish Bat Pattern completion which is @119.22. I cannot enter this Bat Pattern trade at the traditional entry in order to satisfy my risk requirements because if you entered @119.22 your looking at over 100 PIPS of risk. Also if price violates 123.34 to the upside before my entry is filled I will be canceling my limit order.