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FIBSII
Dec 27, 2016 9:43 PM

Potential USDJPY Bullish Bat Long

U.S. Dollar/Japanese YenFXCM

Description

Hey all,

Here we have a potential Bullish Bat Pattern forming on USDJPY. the C-D leg is in a small period of consolidation, however hoping for a press lower to complete the pattern (a break of structure where the green line is). If we get this the pattern is more likely to complete.

Will be looking for 2 targets which gives us a strong Risk Reward. Given the holidays I wouldn't expect too much movement however will be paying attention to tomorrows news.

Fibsii Team
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