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themarketzone
Oct 5, 2015 11:37 AM

Aggressive C entry (bullish) - Bearish Bat Long

Australian Dollar/Japanese YenFXCM

Description

Just like in AUDUSD (see linked idea), AUDJPY also shows potential upside towards AUD rate decision.
The setup - Aggressive C entry in a bearish Bat.
Stop loss below X (or at least below C)
Potential targets - 87, 89, 90 and 91.

Notice the strong resistance zone near 90-91. This is the final target level for this setup and potential short term sell zone that allows to trade with the trend

Tomer, The MarketZone
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