(EP #44) Kelvin Trade Ideas - USDJPY Bat Pattern 2020-02-21

Feb 20, 2020

A bearish bat pattern is completed in daily chart, it provides a potential reversal level (PRZ) from 111.670 to 111.560. Now the market breaks above the PRZ, but it does not break above the bat pattern's X point 112.400, so I still think this selling opportunity is valid. If the market keep stays in the area between X point and PRZ, also it shows up the confirmation signal, I will short the market. Notice if the market break above the X point 112.400, I will cancel this selling opportunity from my watching list immediately.

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