2018Nov12 USDJPY H4 Bearish Bat
USDJPY has been on an uptrend and completed a bearish bat. On H4 timeframe, an RSI bearish divergence is seen. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Trade details are as follows:
Trade Setup: Bearish Bat
Price Entry 114.188
SL 114.600 | SL pips 41.2
TP2 112.467 | TP2 pips 172.1
RRR2 4.18
Trade Setup: Bearish Bat
Price Entry 114.188
SL 114.600 | SL pips 41.2
TP2 112.467 | TP2 pips 172.1
RRR2 4.18
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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.