(EP #68) Kelvin Trade Ideas - GBPJPY Bat Pattern 2020-03-26

26 Mar 2020

A bearish bat pattern is completed in one hour chart, it provides a potential reversal level from 133.530 to 133.120. The market hit the potential reversal level before then go down, now it comes back. In the larger timeframe, we can see the market is in a clear downtrend, so this selling opportunity is a follow-trend trade. I will wait for the market to give me confirmation signals which are near the potential reversal level, then I will decide should I short the market.

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