tntsunrise
Short

GBPJPY Short based on Bat Pattern and RSI divergence

FX:GBPJPY   British Pound/Japanese Yen
4220 12 87
GBPJPY             Short based on Bat Pattern
and RSI divergence
Idea level is at 161.87
After I saw the RSI divergence
and price form Two Bearish Pin bar tested the 161.80 again
I shorted at 161.50
TP1: 159.11
TP2: 157.05
Comment: Trade Closed. after it droped to 160.40, close half position to lock 100 pips profit.
Balance position SL to Break even
this morning the B.E. SL is hit and exit
Trade closed manually
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Nice one Jack! Thanks.
Reply
Great analysis.. but may be the best trade after breakout & retest daily triangle :)
snapshot
+3 Reply
mlbo FXMONA
a valid idea too i think but different idea. yours is a long idea and he published the short.
Reply
mlbo mlbo
i will consider a buy, too based on a 4H chart breakout of the little descending 4H downtrend. or as you said a breakout of the bigger structure.
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Hi Jack, why aren´t you aiming to the bottom of the triangle?
Reply
thank you Jack for your detailed explanation.
Reply
Stop loss ??
Reply
AdemirPereiraDaSilva AdemirPereiraDaSilva
No Stop Loss ??
Reply
hey tnt,

I know you closed the trade but, kindly update please!
Reply
snapshot
Reply
roadtogo tntsunrise
thank you so much! but targets same? or changed due to higher wing of bat?
Reply
use the sturcture to select your TP
Reply
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