RaynLim

GBPJPY - Bullish Bat

Long
FX:GBPJPY   British Pound / Japanese Yen
152.65 is the complete price of the Bullish Bat Pattern, so why didn't I engage in the trade?

Because it forms up too early. Yes! You hear me right. There are many rules to validate a Harmonic Pattern. And it's impossible for you to figure them out.

I'm waiting for the retest at 152.65 for a counter-trend trading opportunity on the Bat Pattern and that will still consider as a Type1 trade.

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