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11021992
Jul 19, 2016 1:26 PM

USDJPY bearish bat pattern on the 4h Short

U.S. Dollar/Japanese YenFXCM

Description

Hi traders,

A potential bat pattern is forming on the USDJPY pair. Completion is about 50 pips above the current market price.

Entry: 106.825
Stop: 108.444
Target 1: 104.268 = R:RR 1.57
Target 2: 102.643 = R:RR 2.58

Best of luck! Updates will follow

Trade active

Comment

Target 1 hit.

Trade closed manually

Closing the remaining position trade at a small profit before FOMC meeting.
Comments
11021992
Entered at 106.825.
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