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KyleMcQuade
Oct 15, 2016 7:54 PM

AUDJPY Bearish Bat  Short

Australian Dollar/Japanese YenFXCM

Description

Aussie-Yen showing us a bearish bat running coherently with the weekly trend line. Retracements showing a strong bat pattern- B and C points are below the close of price but still on the wick. As always, long as price remains on the wick and has not been surpassed by the body of a previous or following candle, the pattern is still valid. The D point is approaching a retest of previous resistance and the weekly trend line, providing a great PRZ (potential reversal zone).
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