2018Oct29 USDJPY H1 Bearish Bat
USDJPY has been on a downtrend and completed a bearish bat. Price is also seen near a trendline resistance. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point while the take profit target is set at the 61.8 Fibonacci retracement level of the leg AD. Trade details are as follows:
Trade Setup: Bearish Bat
Price Entry 112.525
SL 112.723 | SL pips 19.8
TP2 111.816 | TP2 pips 70.9
RRR2 3.58
Trade Setup: Bearish Bat
Price Entry 112.525
SL 112.723 | SL pips 19.8
TP2 111.816 | TP2 pips 70.9
RRR2 3.58
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.