There are two potential bat patterns unfolding on GBPJPY. One in the long direction and the other in the short. My personal bias is to take the bearish bat pattern as the underlying trend exhibits bearish momentum. However, I would still take the long trade as well.
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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.