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paulsandhu

Guaranteed pattern completion - Long or Short?

Canadian Dollar / Japanese Yen (FX:CADJPY)  
paulsandhu  
FX:CADJPY   Canadian Dollar / Japanese Yen
Harmonic Patterns Bat Cypher
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harmonicpatterns batpattern cypherpattern
The market has presented us with two possible outcomes: 1) a bearish Bat or 2) a bullish Cypher

One of these patterns is guaranteed to complete - it doesn't mean that they will be winning trades. My bias is towards the bearish bat pattern as the trade would be in tandem with recent bearish momentum and risk off sentiment in the markets.

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