cheminacci
Short

Bearish Bat Potential Entry on AUDJPY

FX:AUDJPY   Australian Dollar/Japanese Yen
AUDJPY             has been moving down on the larger time frames. Here we have a potential bearish bat pattern that could provide a good entry for getting in on the larger trade. Entry at 83.40. Stops above X at 83.85. Target 1 at 82.50 (.382 retrace), and Target 2 at 82.05 (which is slightly above the . 618 retracement ).
Comment: Higher time frame analysis included below.
Comment: Approaching potential reversal zone
Trade active
Trade closed: stop reached
This is my higher time frame analysis of AUDJPY

AUDJPY Preparing For a Trip Down Under
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