(EP #137) Kelvin Trade Ideas GBPJPY Bat Pattern 2020-08-12
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A bearish bat pattern is completed in the four hours chart, it provides a potential reversal level from 139.050 to 138.840. Although the market is close above the potential reversal level, the market is still under the bat pattern X point, so I still think this signal is valid. If the market gives me any confirmation signals, I will try to short the market.
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Comment:
Signal invalid
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I'm waiting right now. We arrived really close to X point. Actually is still valid. RSI give us divergence. I'll wait for a short signal. Nice R:R for this operation.
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@carlobiker, yup, it was a great R:R. Unfortunately this signal is invalid now, we need to wait for another great opportunity. Good luck!
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