slim7
Short

USDJPY bat pattern H2

FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
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Stochastic indicator shows that we are in overbought zone.Price may form a bearish bat pattern at the 0.886 fibonacci level of the last downward movement (wich is also the resistance of previous range zone) and go back test previous levels .For a sell at 113.98 TP at 113.652 (support of range zone) SL at 114.225 you get a RR ratio of 1.2
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