A potential bearish bat pattern seems to be forming.
I foresee USD will strengthen, FOMC statement and interest rate results will be released in 2 days.
- It might still be a good time to long to PRZ, still about 80 pips to reach.
- R:R at 1.7
- If price breaks beyond PRZ, bat pattern will be invalid and I will be looking to long USDJPY.
Trade with caution. Good luck.
I foresee USD will strengthen, FOMC statement and interest rate results will be released in 2 days.
- It might still be a good time to long to PRZ, still about 80 pips to reach.
- R:R at 1.7
- If price breaks beyond PRZ, bat pattern will be invalid and I will be looking to long USDJPY.
Trade with caution. Good luck.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.