Bearish BAT pattern for Short trade on USDJPY

10 Nov 2016

The pair has broken out of the downward trend and is most likely going further north.
Having said that it is at a good level for a retracement before going long

10 Nov 2016

Nota

Stops above X
Target 1 105.50
Target 2 104.50

Good Luck
Steve

2 Mac 2017

Nota

For anyone checking through my charts - this chart is the reason I changed my analysis technique from advanced harmonic patterns to wave theory. The patterns are like cycling with stabilisers (training wheels for our American cousins)
They work sometimes but if you understand wave theory you'll understand where they work and where they don't work. This knowledge will save you a lot of money lost through trading harmonic patterns.