USDJPY: Bat pattern

2020-02-27 00:36:16

This is a bearish bat pattern..

Im sure back in the day, this was the ideal bat pattern... But as you all know, things change and the same is true for the market. Its constantly changing, attracting new participants and old ones into the market too.

This pattern is confusing me, because according to my observations this is not a trend reversal signal...

Besides, I have heard a professional trader say how these recents move in USDJPY are unlike anything he has seen in his trading career.

All this really makes me wonder : is USDJPY still heading higher ??

I bet we are..

Whats your give and take on this pair ??