RaynLim

DOLLAR CRASH!? NOPE! NOT NOW!!

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
If you are on the Media, you would have heard that the DOLLAR is CRASHING, countries are ANTI-US DOLLAR, etc, etc...

I don't see any crashes happening on the chart. It is important for independent traders like ourselves, not to get swayed by the news headline; see it for yourself.

What I'm seeing right now, saddens me more than the crashes; the market is going into the consolidation phase.

How do I know that?

A series of Bat Patterns, that's it. The market reflects on what market participants felt.

If you are looking for shorting opportunity, you are in luck.

On Daily Chart(left), Bearish Bat Patterns completing at 136.96 and on the 1-hourly Chart, we have the Bearish Crab Pattern completing at 132.54 and Bearish Bat Pattern completing at 132.87.

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