DanielParra99
Short

GBPJPY (Bat Pattern) -1h Chart

FX_IDC:GBPJPY   British Pound / Japanese Yen
I managed to find a Bearish Bat Pattern with some confirmations:
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 0.886 (Fibo X-A)
- Take profits at 0.382 and 0.618 (Fibo A-D)
- Third TP would be back to where it all started

We can see a Double Top at 0.886 (D completion) and MACD shows divergence by not having same structure, which means divergence for our bearish impulse to happen.
Good Trading. - 1h Chart
Jun 12
Order cancelled: CD Leg did not respect

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