USDJPY long opportunity

5 gen 2016

There is a large bullish bat forming on the daily. We bottomed out on the 15M accompanied with the RSI going O/S along with hidden divergence, so this is an alternate way to enter the bat. However, without placing your stops below the X leg & exposing yourself to an undersireable amount of risk, you can use the double bottom as an indicative area to place stops at.
Good luck.

5 gen 2016

Trade attivo

5 gen 2016

Nota

The market has put in another double bottom, giving an additional reason for entry.

6 gen 2016

Trade chiuso: stop raggiunto