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11021992
Dec 7, 2016 8:37 AM

USDJPY bearish bat pattern Short

U.S. Dollar/Japanese YenFXCM

Description

Hi traders,

On the USDJPY we have a potential bearish bat pattern forming. We can see that price is struggling to get from point C to D, so it wouldnt surprise me if the 144.400 peak is the top for short-term views.
Entry: 114.571
Stop: 114.962
Target: 113.926 = R:RR 1.65

Good luck guys! I will be updating this chart as time progresses.

Order cancelled

Pattern invalid. The peak was indeed 144.400.
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