Great Bullish Bat Setup on the USDJPY

17 May 2017

Setup displayed at a strong support zone. We can expect the trend to reverse at this point and head towards our Fib. levels. We also have a nice oversold region on our stochastic so we have more confluence to go long on this trade. The trend is most likely done correcting. Remember we no longer interested in this setup if it leaves our PRZ zone from the downside.

:)

17 May 2017

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