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AdamHong
Oct 16, 2016 11:12 AM

USDJPY:Potential Bearish Bat Pattern Short

U.S. Dollar/Japanese YenFXCM

Description

Potential bearish bat pattern is forming and 1.618EXT of the AB is at 107.3.
The previous srtucture works at the same levels.
The RSI has been divergent from the price now and whether it enters the overbought zone again we should wait and see.
So it is a good chance for opening short position at 106.6-107.3 levels.
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