Bearish Bat Pattern – AUDJPY – H4 Timeframe


Click here for chart.
Target Suggestions
38.2AD, 61.8AD, 127.2AD, Pt C, 127.2 AD, 161.8AD
The SL should ideally be above D.  However, in that case the risk/reward is not good for the 1st target i.e. 38.2 of AD & possibly even 61.8AD, since the price has already declined.  One can go to a lower timeframe & look  for shorting opportunities.
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This entry was posted in AUDJPY, Bat, Forex, Harmonic Pattern. Bookmark the permalink.

One Response to Bearish Bat Pattern – AUDJPY – H4 Timeframe

  1. One618 says:

    Price did move in the expected direction. It fell all the way to 1.13 of AD (around 98 pips), before retracing.

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