(EP #31) Kelvin Trade Ideas - AUDJPY Bat Pattern 2020-02-02
On daily chart, there are two bullish bat pattern. The gray bullish bat pattern provides a potential reversal level (PRZ) from 70.930 to 70.660. The purple bullish bat pattern provides a PRZ from 72.280 to 72.200. On the weekly chart, the market shows us it is in a down-trend clearly, so those buying opportunities are counter trend trades. I will not place any pending orders in this market, I will wait until the market shows me any confirmation signals which is near those PRZ, then I will long this market.
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