RaynLim

USDJPY - Bearish Bat Pattern

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
A Bearish Bat Pattern pose as a counter-trend trade on the 1-hourly chart gives trader to short against the weak Ascending Triangle on the 4-hourly timeframe.

Depending on how fast the retracement move is going to happen, the Target2 maybe just seated on the retest of the trendline of the Ascending Triangle on the higher timeframe.

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