USDJPY - Plan B: Potential Bearish Bat Pattern!!!
Updated
I posted yesterday a detailed analysis for a reason to enter long USDJPY
Now the pair has given a perfect opportunity to illustrate the meaning of "have a plan."
"Buy low, sell high."
USDJPY has turned to the upside momentarily and can potentially complete a bearish bat pattern around the 104 even handle level.
I dont know which way price will go from here, or if either of the setups will validate but we now have a valid plan for whichever way price decides to go. Be patient, have a plan and watch the price action. React to what the market tells us.
Cheers and happy trading!
Now the pair has given a perfect opportunity to illustrate the meaning of "have a plan."
"Buy low, sell high."
USDJPY has turned to the upside momentarily and can potentially complete a bearish bat pattern around the 104 even handle level.
I dont know which way price will go from here, or if either of the setups will validate but we now have a valid plan for whichever way price decides to go. Be patient, have a plan and watch the price action. React to what the market tells us.
Cheers and happy trading!
Note
The bearish bat is invalid as price dipped below C and A
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