Andy_Parrish

GBPJPY 15M - Potential Bat Short and Cypher Long Patterns

FX:GBPJPY   British Pound / Japanese Yen
27 0 0
Hi all,

Watching a couple of things on this pair at the moment. As well as the larger Cypher from earlier, there are also a smaller potential bat pattern short @ 160.36 and a potential cypher pattern long @ 159.39. Obviously be aware of the overlying trend and make sure any trade meets your rules, details for each pattern are below:

Bat Pattern Short @ 160.36
Stops Above X @ 160.52
Target 1 @ 159.90
Target 2 @ 159.61

Cypher Pattern Long @ 159.39
Stops Below X @ 159.13
Target 1 @ 159.74
Target 2 @ 159.96

Targets to be adjusted should either pattern complete.
Trade closed: stop reached: Bat pattern invalidated.

Cypher pattern hit stops for -35 pips
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