USDJPY: Potential bearish bat pattern Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Feb 9, 2017 1:51 PM

Hi traders,

On the USDJPY we have a potential bearish bat pattern taking shape. Entry and completion at point D.
Entry: 113.698
Stop: 114.228
Target: 112.559 = R:RR 2.15

Good luck traders! Updates will follow.

Trade active

⋅ Feb 10, 2017 1:12 AM

Trade closed: stop reached

⋅ Feb 14, 2017 4:16 PM

Comments

ryanchau

⋅ Feb 10, 2017 8:07 AM

USD / JPY will fall to the level 112.10

ryanchau

⋅ Feb 10, 2017 8:06 AM

HELLO

hamdikhost

⋅ Feb 10, 2017 5:31 AM

I have the same analysis, and my order got triggered at 113.687. Lets hope for the best!! GOODLUCK!! :)

ryanchau

⋅ Feb 10, 2017 9:03 AM

@hamdikhost, yeah

11021992

⋅ Feb 10, 2017 6:31 PM

@hamdikhost, Nice, good luck! So far we're doing alright.

OleksandrSnitko

⋅ Feb 10, 2017 3:40 AM

nice entry, but according to my analysis this potentional downward move is just short term correction.
it may not go below 113.05. (at this monent it's hard to predict that move)

11021992

⋅ Feb 10, 2017 6:31 PM

@OleksandrSnitko, We can't compare an hourly chart with that :P. As you know, price will need corrections. Thanks for sharing tho, looks good.

AhmadAlsady

⋅ Feb 14, 2017 4:26 PM

hello mr any idea for gbpusd

11021992

⋅ Feb 14, 2017 4:31 PM

@AhmadAlsady, Ask my man @OleksandrSnitko

OleksandrSnitko

⋅ Feb 14, 2017 4:37 PM

@AhmadAlsady, gbpusd long term.