RaynLim

Bullish 5-0 vs. Type2 Bearish Shark Pattern

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
If you're navigating conflicting biases, here are two potential setups:

1. Bullish 5-0 Pattern at 149.96: Long Opportunity

- Engage in a long position based on the completion of the Bullish 5-0 pattern at 149.96.

- This pattern signals a bullish bias, providing an opportunity for traders expecting an upward move.

2. Type2 Bearish Shark Pattern at 150.67: Shorting Opportunity

- Consider a short position if the Type2 Bearish Shark Pattern completes at 150.67.

- This approach factors in the possibility of Fed rate cuts in June, potentially influencing a bearish move.

As a trader, it's essential to weigh the conflicting signals and align your strategy with your overarching market outlook. Feel free to share your preferences and insights on these setups.

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