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RaynLim

Awaiting Retest for Shorting Opportunity

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
RaynLim  
FX:USDJPY   U.S. Dollar / Japanese Yen
Bat Support and Resistance Candlestick Analysis askforex100 USDJPY bearishfib3 fib3bat combotrade keyresistance checkback Contains IO script
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batpattern supportandresistance candlestick askforex100 usdjpy bearishfib3 fib3bat combotrade keyresistance checkback containsioscript
USDJPY has caught my attention with the potential for a shorting opportunity. Here's the breakdown:

1. Previous Bearish Run:

- A notable 850 pips (~8,500 USD/lot) on a previous USDJPY Fib3 Bat Pattern run.

2. Current Outlook:

- Considering a bearish stance on USDJPY.

- Awaiting a market retest on the 1-hourly chart at 147.74.

Share your thoughts and trade plans for USDJPY in the comments below. Let's discuss and analyze together!
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