Looking for USDJPY to complete bat pattern on 4 hour time frame. Higher time frame 61.8% retracement coincides with D point completion. Will look for shorting opportunities around 111.300.
If 109.00 is retested and respected, looking for long opportunity until D leg completes.
If 109.00 is retested and respected, looking for long opportunity until D leg completes.
Trade closed: target reached
D point completion. Was very patient with this pair the last few weeks. Took a position short at 111.050. Very minimal drawdown. Now looking for price to come back down to 109.750 for 1st target. Second target for me is 109.000.
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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.