Cashing in on Potential USDJPY Pullback Profits!

22 ott 2023

• 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:

1. 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.
   
3. Daily Chart: Keeping an eye on a potential Bearish Crab Pattern confirmation at 150.43.
   
5. 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.