USDJPY - Bearish AB=CD + Bat Pattern 숏

U.S. Dollar/Japanese YenFXCM

설명

⋅ 2017년 2월 6일 오전 5시 57분

Hey guys, the market has just opened, and here I am sharing 3 ideas I have in trading for this week.

Look at the H1 USDJPY chart.

My few observations

1. It is around the low of last week

2. Divergence in RSI

Pattern identification

1. Bearish Bat completes at 115
2. Bearish AB=CD also completes at 115

Execution

I will go short on USDJPY if it comes back up to 115.

Will target 111.60 with a stop loss at 115.70.

코멘트

too888888

⋅ 2017년 2월 6일 오후 12시 39분

Hi Terry, for AB=CD pattern, shouldn't point C ideally ~0.618 retracement of AB ? In this case, point C has retraced beyond point A. Is it still valid AB=CD ?

Antilogs

⋅ 2017년 2월 6일 오전 8시 49분

Great potential technical setup