Opportunity to short GBPJPY at a bat pattern

FX:GBPJPY   British Pound / Japanese Yen
88 0 1
I see a possible short (red zone) opportunity with a bat pattern formation in the hourly chart with :

+ 127.2 extension of AB in confluence with the D completion of ABCD and 88.6 retracement of the XA leg
+ The black lines are important structure levels ( scroll to the left around 07/03/2014 and the months after )
Don't forget to take in consideration the an overbought condition from the RSI

Note : pay attention the green line below ( 38.2 retracement in the Monthly chart ) and important historic level to be taken as a secondary target or a long opportunity .

Everything is possible !
Order cancelled
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out