Here we have a bearish bat on the NZDJPY; the pair is hitting major weekly resistance and showing as oversold on the daily chart.

[IMAGE: https://steemitimages.com/DQmTFgb5917tcbad2YVpa8pmL9SbHWZvsNttbeD1sr15Jbw/Screen%20Shot%202017-07-15%20at%2001.25.17.png]

American investment banks Goldman Sachs and JP Morgan are expected to show slow quarterly growth this afternoon, amidst speculation heading towards this afternoons US CPI 0.09% announcement (US still not making their 2% target). As a result, investors are said to be moving their money to the asian markets- aiding Yen strength.
I am holding a short position in the NZDCHF and long the AUDNZD; this pair taking a bearish turn would show confluence with my two current trades (both running in profit).

[IMAGE: https://steemitimages.com/DQmPvYNFUHtqrXQGqgjd5NsVge6T49bkfjyvnvT9VVdwu4B/Screen%20Shot%202017-07-15%20at%2001.25.39.png]

It is clear to see that price on this pair is at a level where there has been major price deflections- prior to which the level has acted as a pivot level.

Risk at 1:2.24 (sticking to the 1:2 minimum. Remember and keep the stop loss in an area where it would render your trade invalid, rather than looking to maximise profit (...maybe a little). TP at 61.8% retracement level of the distance form A to D.

Bat ratios
B: 0.382-0.5
C: 0.382-0.886
D: 1.618-2.618
xD: 0.886