VitruvianTrader
Short

USDJPY - Plan B: Potential Bearish Bat Pattern!!!

FX:USDJPY   U.S. Dollar/Japanese Yen
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!
Comment: The bearish bat is invalid as price dipped below C and A
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