AUDJPY - Bat Pattern 240/60min Chart on the Radar

FX:AUDJPY   Australian Dollar / Japanese Yen
68 0 1
Bearish Bat Pattern Setting up on the AUDJPY             240/60min chart. If the 88.6% Fib Retracement level is reached, entering a short position may not be a bad idea. Target 1 is offering 2 to1 Reward:risk ratio and Target 2 is offering greater than 3 to 1 (depending on stop placement). Stops need to be above the jan 27th high 94.61. Let's see if this plays out.
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