avoryhoward

Bearish bat almost complete

avoryhoward Updated   
FOREXCOM:AUDJPY   Australian Dollar / Japanese Yen
Bearish bat projected completion point between .88750-.88950 (Alternate bat completion point .89850)
RSI complex structure completed at .88100 anticipating RSI confirmation point at 89.650
Pushed through MA 8 MA 20 MA 25 & MA 200 with little resistance
Now MA 8 acting as a good support level
Update with TP & SL upon completion of pattern
Comment:
Price reaches 1.618 extension completion point
wait for definitive turnaround for trade execution
From this point TP target #1 87.500 target #2 86.700

Update if price continues to extended completion point
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