Bearish bat
Usdjpy has created a bearish bat pattern in h4 chart, we see the XA leg as an impulsive leg because the swing in A broke a previous low and this thing is really positive because shows that the sellers are becoming stronger and it could be a first signal of a Change of Character (market changed from bullish to neutral now).
We have fundamentally 2 possibilities to trade this kind of setup , the first one has the imbalance as target, that specific zone is really intereasting because there is an orderblock whereas the second opportunity can let us make big money if price breaks the lat low and starts a mean reversion.
Send me a message if you want to be updated and trade with me and my team!
Enjoy your trading and apply solid MONEY MANAGEMENT RULES!!
tHE ITALIAN TRADER!
We have fundamentally 2 possibilities to trade this kind of setup , the first one has the imbalance as target, that specific zone is really intereasting because there is an orderblock whereas the second opportunity can let us make big money if price breaks the lat low and starts a mean reversion.
Send me a message if you want to be updated and trade with me and my team!
Enjoy your trading and apply solid MONEY MANAGEMENT RULES!!
tHE ITALIAN TRADER!
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