joelduque

2018Nov28 USDJPY H4 Possible Bearish Bat

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FX:USDJPY   美元/日元
USDJPY is in a recent uptrend and near completion of a bearish bat around a trendline resistance. There is an RSI divergence seen. Upon pattern completion and confirmation of the bearish bias, I will go short. Stop loss is just above the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Tentative details are as follows:

Trade Setup: Possible Bearish Bat
Price Entry 114.013
SL 114.283 | SL pips 27.0
TP2 112.957 | TP2 pips 105.6
RRR2 3.91
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