FX:USDJPY   U.S. Dollar / Japanese Yen
Okay,

lets be honest, last scenario was a total desaster, but that's okay.... To be honest, my initial setup on USDJPY was this one. Because at this exact level we do have a BAT PATTERN + AB=CD + Inverted H&S .

On top of that, we are outside of the bollinger band 50 periods on daily timeframe . Plus on weekly timeframe , USDJPY just hit the lower bollinger band level, again with 50 periods.

Those confirmation are great information for a potential reversal area!

Trade with care,
PC
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