USDJPY - Bearish Bat
After weeks of waiting, the Bearish Bat Pattern on the USDJPY has finally been completed. Counter-trend traders, this could be your chance to engage.
However, there are 2 warning signs I must point out.
The completion of Point D exceeded the little red box known as the PRZ. A more conservative way is to wait for the 3-bar reversal to happen.
Lastly, tonight(depending on which city you are in), there is a US ADP report, and this Friday is Non-Farm Payroll week.
However, there are 2 warning signs I must point out.
The completion of Point D exceeded the little red box known as the PRZ. A more conservative way is to wait for the 3-bar reversal to happen.
Lastly, tonight(depending on which city you are in), there is a US ADP report, and this Friday is Non-Farm Payroll week.
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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