A Bullish Bat Pattern emerge on the USDJPY 1hourly chart within the Buy Zone.
That's what I like about this setup.
What I don't like about this setup is that there's a lot of ebb and flow of the market on the USDJPY 1hour chart. It shouldn't be the case for this pair, but either way, the upward movement most likely will be a rocky path(closing in to the profit, retrace, closing in to the breakout, retrace again.)
Having that said, it is still a nice setup. Get ready for a bumpy ride if you are into this trade.
That's what I like about this setup.
What I don't like about this setup is that there's a lot of ebb and flow of the market on the USDJPY 1hour chart. It shouldn't be the case for this pair, but either way, the upward movement most likely will be a rocky path(closing in to the profit, retrace, closing in to the breakout, retrace again.)
Having that said, it is still a nice setup. Get ready for a bumpy ride if you are into this trade.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.