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trungle83
Oct 26, 2016 5:23 AM

AUDJPY BAT Pattern (DAILY) Short

Australian Dollar/Japanese YenFXCM

Description

Good opportunity to Short as a BAT Pattern C to D leg is forming.
Watching this the next few days and will be looking for price action around the 80.900 - 80.950 level to signal to short.
3 key points why I want to short this.
  • High time frame shows this pair is still on a downtrend

  • Bat pattern is formed right at the height of the parallel channel

  • Strong resistance around 80.800 area

Trade closed: target reached



Beautiful trade. T2 Hit.

Trade closed: target reached

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