EURJPY: Back to Back Bat Patterns & A Video on Money Management

Nov 11, 2015

Consolidation often breeds harmonic patterns & that's exactly what we're seeing here on the EURJPY hourly chart. Now we're still holding a partial position on yesterday's bullish bat pattern and if price action were to push up to our second targets that would give us the opportunity to put in an SAR and get involved in the bearish one that looks to be forming as well.

Also I've been getting a lot of questions about money management lately. If you haven't seen this video already make sure you check it out as it should give you a better idea of the money management strategy that I use in my trading.
youtu.be/jSFYOLLYM60?t=1m42s

Akil Stokes
Chief Currency Analyst & Trading Coach\
Tradeempowered.com

Nov 11, 2015

Note

The bat pattern is now technically invalid and has turned into a potential Gartley Pattern. Also here's the link to watch Mario Draghi's Open Forum periscope.tv/w/aRM3OTkyNzA2NzF8MURYR3lrZ3ZhTll4TSr0NStXgc4H7E_qPwPtBcatpe59XfpClRMGcLluXtkb