Short USDJPY: Bearish Bat + H&S + S/R + Missed Pivot

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY             is completing a bearish bat pattern near a strong support and resistance zone. We also have the neckline from a head and shoulders pattern striking through the S/R area for added resistance above the PRZ. SL is placed above 1.13XA with targets at .618CD and the unhit monthly pivot for November, 2015.

Confluence in the PRZ:
  • Bearish bat pattern completion
  • Head and shoulders neckline
  • S/R zone
  • 2.5BC projection
  • 1.786AB=CD
  • Unhit November, 2015 pivot

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Comment: Bigger Picture (4H):
Trade active
Comment: SL hit, -50 pips
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