ChrisThein
Short

USD/JPY I'm Going BAT to BAT

FX:USDJPY   U.S. Dollar/Japanese Yen
There is a .50 fib Bearish Bat Pattern on the 60min time frame. It completes at 108.93, I'm putting my stop just above the swing high around 109.20. My target is going to be 108.13, it's the .618 retrace of the entry. There is also a .382 AB leg on the 120min. Now depending if you trade only .50 fib bats, this may not fit in your plan. Even if it doesn't this is still a strong bearish area, it's the start of that massive bearish move at 110.30. Good luck trading out there.
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