slim7

USDJPY bat pattern H2

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Possible formation of bullish bat pattern at the 0.786 trend based fib extension of last downward movement wich is also a previous support level (blue zone) .Wait to catch a reversal signal on shorter timeframe on that zone .For a buy at 112.54 TP at 112.98 and SL at 112.271 you get an RR near 1.6
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.