USDJPY Bullish Bat
**CORRECTION** Bearish Bat Pattern
This bat pattern has a very good risk to reward ratio. With the pull back on the last CD leg just above the 88.6% retracement, it provided the perfect opportunity to short this pair reducing your risk. First profit target is the 99.000 which makes good logical sense as there is good support there, and stop losses just above the X high, around 100.95 mark which is also a good resistance displayed by the eclipse ;)
This bat pattern has a very good risk to reward ratio. With the pull back on the last CD leg just above the 88.6% retracement, it provided the perfect opportunity to short this pair reducing your risk. First profit target is the 99.000 which makes good logical sense as there is good support there, and stop losses just above the X high, around 100.95 mark which is also a good resistance displayed by the eclipse ;)
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