(EP #13) Kelvin Trade Ideas - CHFJPY Bat Pattern 2019-12-24

The market is testing resistance level on daily chart. Meanwhile, a clear RSI divergence is showing up in four hour chart. It means that 111.750 is a valid resistance level. I am searching for selling opportunity in this market.

In the 15 minute chart, the bearish bat pattern is almost complete, it provides a potential reversal zone (PRZ) is from 111.550 to 111.530. I will use difference stop loss level and take profit level to short this bearish signal in order to get a huge risk reward ratio.

Please follow me to know my trade ideas everyday!

Merry Xmas!