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RaynLim
Jan 14, 2024 2:48 PM

Multi-Pattern Analysis - A Comprehensive View Short

U.S. Dollar/Japanese YenFXCM

Description

Months ago, I shared insights into the impending Bearish Fib-3 Bat Pattern on the weekly chart, offering substantial profit potential (over 10,000 USD/lot). Check the detailed analysis within the TradingView post.

Presently, my attention is drawn to a potential Head and Shoulders formation, indicating a shorting opportunity of more than 1,000 pips on the weekly chart.

However, for those seeking a buying opportunity, observe the Bullish Shark Pattern completing at 143.71.

My stance: Bearish in the short-term, Bullish for the long-term.

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