USDJPY - Bearish AB=CD + Bat Pattern
Hey guys, the market has just opened, and here I am sharing 3 ideas I have in trading for this week.
Look at the H1 USDJPY chart.
My few observations
1. It is around the low of last week
2. Divergence in RSI
Pattern identification
1. Bearish Bat completes at 115
2. Bearish AB=CD also completes at 115
Execution
I will go short on USDJPY if it comes back up to 115.
Will target 111.60 with a stop loss at 115.70.
Look at the H1 USDJPY chart.
My few observations
1. It is around the low of last week
2. Divergence in RSI
Pattern identification
1. Bearish Bat completes at 115
2. Bearish AB=CD also completes at 115
Execution
I will go short on USDJPY if it comes back up to 115.
Will target 111.60 with a stop loss at 115.70.
