fatbeetrader
Short

#FOREX $USDJPY D1 Chart - Bear Bat Pattern - Longer Sell Idea

FX:USDJPY   U.S. Dollar/Japanese Yen
785 4 1
I really like this higher (as i have over the past few weeks) but its hard to ignore this pattern on the daily (it looks like a bat pattern ) but any short bias would be eliminated if price gets over over 100.61 (prior high spike)
i thought the pair was rather toppish but was duly burnt by the FOMC minutes.
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This one is playing with us. :)
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There is a definite bat pattern on this chart. I also think UJ will go higher as it is in the 4th EW wedge and yet has to make it's 5th wave up but for now... we go down.
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I tend to agree with you, though the pattern above looks to be fighting my bullish bias.
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