Khan
Short

USDJPY Bullish Bat

FX:USDJPY   U.S. Dollar/Japanese Yen
89 2 0
**CORRECTION** Bearish Bat Pattern

This bat pattern has a very good risk to reward ratio. With the pull back on the last CD leg just above the 88.6% retracement, it provided the perfect opportunity to short this pair reducing your risk. First profit target is the 99.000 which makes good logical sense as there is good support there, and stop losses just above the X high, around 100.95 mark which is also a good resistance displayed by the eclipse ;)
dojitrader
3 years ago
Bullish ??? A Freudian slip perhaps ?
Reply
Khan dojitrader
3 years ago
Its been a long day ;) thanks for the correction
Reply
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