Short USDJPY: Bearish Bat + H&S + S/R + Missed Pivot
USDJPY is completing a bearish bat pattern near a strong support and resistance zone. We also have the neckline from a head and shoulders pattern striking through the S/R area for added resistance above the PRZ. SL is placed above 1.13XA with targets at .618CD and the unhit monthly pivot for November, 2015.
Confluence in the PRZ:
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Confluence in the PRZ:
- Bearish bat pattern completion
- Head and shoulders neckline
- S/R zone
- 2.5BC projection
- 1.786AB=CD
- Unhit November, 2015 pivot
Thanks for your continued support and don't forget to click the thumbs up button and follow for future updates and more trade ideas!
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Bigger Picture (4H):
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SL hit, -50 pips
