Get started
nboone

USDJPY Bearish Bat Pattern D leg completion

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
nboone  
FX:USDJPY   U.S. Dollar / Japanese Yen
hamonics Bat Trend Lines retracement
2
0
hamonics batpattern trendline retracement
UJ found resistance at the 0.88 D leg of a bearish Bat pattern on the 1 hour chart. With the break of the trend line associated with the recent up move and the MACD/Stochastic crossovers, this could result in a nice retracement.

SL: 114.80
TP1: 113.277 (.382 retracement)
TP2: 112.395 (.618 retracement)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.