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lyl89

AUDJPY - Potential Bat Pattern on Daily Chart

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
lyl89 Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Harmonic Patterns Bat AUDJPY audjpyshort Bearish Bat harmonicforex
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harmonicpatterns batpattern audjpy audjpyshort bearishbat harmonicforex
A bearish bat pattern appears to be completing.
R:R at 1.2 (TP1) and 2.1 (TP2).
Take note of tomorrow's news for aussie's employment change, unemployment rate and China's industrial production.
These factors may cause some volatility so trade with caution.

I will update if pattern completes.
Comment:
Pattern has completed and using multiple time frame analysis, we have RSI declining from overbought level and back to PRZ. Good time to short.
Comment:
Trade closed: stop reached
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