AlkalineFX
Short

USDJPY BEARISH TREND FORMING

FX:USDJPY   U.S. Dollar / Japanese Yen
Taken two trades on this pair, many confluences to say it will become bearish . Firstly we have a Bat Pattern that is retesting the d zone, aswell as previous head and shoulders pattern after a bullish impulse leg indicating a reversal in the trend. Hope to see this trade play out, just need patience.

Comments

same as i have
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See how it reacts at this level .50 and if the resistance is enough.... could see a retest .70 before retracing for a lower high close? Definitely one to watch
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