Bearish Bat Potential Entry on AUDJPY

11 apr 2016

AUDJPY has been moving down on the larger time frames. Here we have a potential bearish bat pattern that could provide a good entry for getting in on the larger trade. Entry at 83.40. Stops above X at 83.85. Target 1 at 82.50 (.382 retrace), and Target 2 at 82.05 (which is slightly above the .618 retracement).

11 apr 2016

Commento

Higher time frame analysis included below.

12 apr 2016

Commento

Approaching potential reversal zone

12 apr 2016

Trade attivo

13 apr 2016

Trade chiuso: stop raggiunto