Bearish Bat Pattern Setting up on the AUDJPY 240/60min chart. If the 88.6% Fib Retracement level is reached, entering a short position may not be a bad idea. Target 1 is offering 2 to1 Reward:risk ratio and Target 2 is offering greater than 3 to 1 (depending on stop placement). Stops need to be above the jan 27th high 94.61. Let's see if this plays out.
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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.