Art_of_Trading
Short

USDJPY: Trend + Valid Bat

FX:USDJPY   U.S. Dollar/Japanese Yen
On FX:USDJPY             , the market is bearish and trending downtrend on 1H bars. The price makes Lower Highs and Lower Lows last few days. So, why not follow these moves. There is a key zone at 123.00. It was acted as support and became resistance. Also, 123.00 is considered psychological level too, because of 00. Institutional traders and big players give that significance.

There is a valid bat pattern , which gives exact guidance for entering the market. Stop loss should be place above key zone. Take profit: T1- 38.2% T2 - 61.8%
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