themarketzone

Bearish Bat with False Break

FX:USDJPY   U.S. Dollar/Japanese Yen
4 months ago
Last week, USDJPY             complete a bearish Bat pattern along with daily Outside Bar pattern and a daily False Break.
My resistance zone that included the bearish harmonics, daily downtrend line, structure and the 50 days MA line held following a small daily false break and it seems like USDJPY             is maybe heading towards the support zone near 103-104.

A breakout above 107 will send USDJPY             towards 111 to test the next resistance zone.

The daily False Break stopped out many traders from being in this successful reversal zone - If you struggle with setting your stop loss orders, read my blog post here http://goo.gl/J1HaHm

Tomer, The MarketZone
Sign up to my mailing lists - http://goo.gl/5kfYZn
Watch my Youtube channel - https://www.youtube.com/c/TheMarketZoneNet
4 months ago
Trade closed: target reached
Special ECB preview - https://goo.gl/hZMkYY

Tomer J,
The Market Zone - You trading Edge
Visit my website - http://www.themarketzone.net/
Blog - http://www.themarketzone.net/?page_id=2371
Youtube - https://www.youtube.com/c/TheMarketZoneNet
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out