U.S. Dollar / Japanese Yen

Short

Cashing in on Potential USDJPY Pullback Profits!

The USDJPY pair continues its strong bullish movement, even on the Weekly Chart, reaffirming the prevailing uptrend.

Counter-Trend Strategy:

As a counter-trend trader by nature, I'm on the lookout for shorting opportunities.

Trade Possibilities:

Weekly Chart: A potential Bearish Fib-3 Bat pattern could offer an entry point for a pullback trade. However, I'm mindful of not waiting for excessive confirmation and potentially missing out on a 300-pip profit potential.
Daily Chart: Keeping an eye on a potential Bearish Crab Pattern confirmation at 150.43.
Intra-Day Traders: Consider waiting for the completion

of a Bearish Shark Pattern at 149.96.

I'm curious about your trade plan. What are your thoughts? Feel free to comment below.

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