AUDJPY: Advanced Bat Formation & Double Top

FX:AUDJPY   Australian Dollar / Japanese Yen
As the AUDJPY             works it's way up towards previous structure highs, it's also created the potential for a Bearish Advanced             Bat Formation as well as a potential double top (With the RSI overbought/showing bearish divergence)

Looking left on the Daily timeframe it's also at a previous level of structure adding more for those looking to build a case for entry.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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Targets hit FULL PROFIT taken. Wow that was a hell of a waiting game. It taught me the benefits of patience, that trade took over 2 weeks but got some good pips and a tidy profit. We learn all the time. Thanks Akil, you is a legend
+1 Reply
Akil_Stokes PRO RJHumphries
Thanks RJ, those are some of the best lessons
Akil, i am still in this position. Waiting to fold out. One way or another.
0.618 as target
Reversal has started on the 1h TF. Trade ON
+1 Reply
YoussefRazak YoussefRazak
Thats the plan
+1 Reply
fxfxfx YoussefRazak
Did u hit SL or still on?
Akil_Stokes PRO YoussefRazak
Awesome, good luck!
+1 Reply
agree mate
+2 Reply
Akil_Stokes PRO Wave-Trader
Thanks for the share
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