We have a bullish bat pattern on USD/JPY. Price has reached 0.886 retracement of leg AB. Stochastic is in oversold conditions and there is divergence. Targets set at 0.382 and 0.618.
Comment:
Price has reached 0.886 retracement of leg AD*
Comment:
Target 1 reached: +78 pips.
Trade closed: target reached:
Target 2 reached: +45 pips.
Total: +123 pips profit.
Total: +123 pips profit.