USDJPY - Potential Bat Pattern on H4 Chart
A potential bearish bat pattern seems to be forming.
I foresee USD will strengthen, FOMC statement and interest rate results will be released in 2 days.
- It might still be a good time to long to PRZ, still about 80 pips to reach.
- R:R at 1.7
- If price breaks beyond PRZ, bat pattern will be invalid and I will be looking to long USDJPY.
Trade with caution. Good luck.
I foresee USD will strengthen, FOMC statement and interest rate results will be released in 2 days.
- It might still be a good time to long to PRZ, still about 80 pips to reach.
- R:R at 1.7
- If price breaks beyond PRZ, bat pattern will be invalid and I will be looking to long USDJPY.
Trade with caution. Good luck.
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