Short

EURJPY - Type2 Bearish Bat

A counter-trend opportunity on EURJPY as the market presents a Type2 Bearish Bat Pattern setup. Trade has already been engaged and it takes on an aggressive approach, well, sort of. The market did have a confirmation before(circled in yellow) right now is the retest or known as double top to some. The only concern is that candle confirmation(circled in yellow) is kind of weak and the current candlewick is kind of long as it is a sign of weakness towards the downside. We will be observing closely on the market movement and will take necessary steps.

RaynLim

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