russelldaily
Short

Alternate Bat Completion

FX:GBPJPY   British Pound/Japanese Yen
240 1 1
This Bat completion stopped just above the 1.13 extension of the XA leg. It then retraced approx. 140 pips but I'm not convinced to enter just yet. I would rather look for a double top and then Bearish indication. Also, I would not think of entering a yen trade until after the 9:30 Kuroda speach. I can't draw a definite short entry because I won't know where I will get a bearish indication. This is all based on a reveral off the double top. If price significantly breaks the 182.50 it's a whole new ballgame. I am currently long with one half position at the top and the other half at the 1.27 extension of the XA leg.
Trading_Accuracy
2 years ago
Highly Unlikely considering the Strength :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out