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traderpulse
Jul 16, 2018 7:53 AM

AUD/JPY Bat Retracement Short

FX:AUDJPY240
Australian Dollar/Japanese YenFXCM

Description

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The 4-hour chart of AUD/JPY has formed a bearish bat formation.
The pair is currently facing strong resistance.
As per our analysis we expect the pair to make a 38.2 retracement of its previous move

Trade closed: target reached

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Trend AnalysisChart PatternsAUDJPYaudjpyshortaudjpysell
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