Short USDJPY: Bearish Bat + H&S + S/R + Missed Pivot

16 dic 2015

USDJPY is completing a bearish bat pattern near a strong support and resistance zone. We also have the neckline from a head and shoulders pattern striking through the S/R area for added resistance above the PRZ. SL is placed above 1.13XA with targets at .618CD and the unhit monthly pivot for November, 2015.

Confluence in the PRZ:

• Bearish bat pattern completion
  
• Head and shoulders neckline
  
• S/R zone
  
• 2.5BC projection
  
• 1.786AB=CD
  
• Unhit November, 2015 pivot
  

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16 dic 2015

Nota

Bigger Picture (4H):

16 dic 2015

Trade attivo

23 dic 2015

Nota

SL hit, -50 pips