(EP #09) Kelvin Trade Ideas - USDJPY Bat Pattern 2019-12-18

17 Ara 2019

A bearish bat pattern completed in four hour chart. Market shows us a double top pattern, it is near the potential reversal level (109.574) which is provided by the bat pattern. The main reason of why I enter this trade because the high point in the daily chart, which was created on 29 Nov 2019, cannot close the candle higher than the past high point, which was created on 30 May 2019. Therefore, I believe the market will have a bearish trend later.

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