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vincentlee3
Jan 30, 2018 11:08 AM

USDJPY BAT PATTERN Long

U.S. Dollar/Japanese YenFXCM

Description

USDJPY fell to around 108 two times in 2017.

From the price action in Sep 2017,we can see it is a strong support area.

And we can find a potential BAT PATTERN at 108.20, so let's wait for the support reaction.

The stop loss will be a little big, so we should use a small lots and watch the candle closely

SL: 107.20
TP: 109/110.40/112

Comment

USDJPY also has a potential Butterfly pattern at 108.20 in the 1 hour chart
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