USDJPY - Potential Bat Pattern forming,
Even though price is bullish the Daily, the highs are being respected and DXY is also bearish on LTF, USDJPY has a lot of imbalance to fill if below especially if the trend is going to continue bullish on the Daily/weekly.
I want to see a deeper pullback following the pattern of the bat but price to stay within the daily...
3rd bounce from the trendline
outside the daily H/L
Stop just under a previous low, tp just a little below the weekly lvl, but at the same lvl that a previous day high
BUT, we dont have emas crosing, we dont have a precise candlestick formation on the lower TF, so its just a posibility. but given the dollar weakness I think this could play out.
If we go to...