RaynLim

USDJPY Trading Plan: Fib-3 Bat Pattern Retest and Bullish Butter

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
In our current analysis of USDJPY, two distinct trading opportunities emerge:

1. Fib-3 Bat Pattern Retest:

- Timeframe: Weekly Chart
- Setup: The Fib-3 Bat Pattern type2 on the weekly chart has already provided a profitable opportunity, and a retest is anticipated.

This pattern has previously yielded a substantial 903 pips in 13 weeks.

2. Bullish Butterfly Pattern:

- Timeframe: 1-Hourly Chart
- Setup: A Bullish Butterfly Pattern on the 1-hourly chart, with an entry point identified at 148.78.

These setups reflect a mix of longer-term and shorter-term trading strategies. Share your thoughts and engage in discussions to enhance our collective understanding.

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