AUD/JPY - Bearish Bat Short

AUD/JPYOANDA

Beschreibung

⋅ 5. Jul. 2017 14:09

What's up everyone, here we have AUD/JPY with two bearish bat patterns on the 4h chart.

Excellent opportunity with over 1:3 risk to reward.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

Price has dropped from the first reversal area, I'm expecting one more move up to test the key level of resistance at 87.400.

I hope you all have a great week!

Kommentare

niggej

⋅ 13. Jul. 2017 08:03

Now completed. Waiting for the right signal to join the short side :-)

WassimAzhari1

⋅ 5. Jul. 2017 23:05

looks legit, i was long on AUDJPY few weeks back, i thought it will reach 88.6, but now i exited, expecting to drop down for few days/weeks.

JohnRamelb

⋅ 5. Jul. 2017 15:06

waiting for retracement

JohnRamelb

⋅ 5. Jul. 2017 15:06

miss the chance shhhhh

Fnaodjfneiw

⋅ 5. Jul. 2017 14:23

Lovely, thanks for sharing. With that head and shoulders formation at the end, there are some chances it might not test resistance though.

LewisGlasgow

⋅ 5. Jul. 2017 14:25

@ANDREI.stroia.94, I've just sold NZD/JPY, we may not see a re-test but ideally for me to take the position I would like to see that happen first.

All the best if you take the trade!

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