GBP/JPY: Short term short off a possible bat?

FX:GBPJPY   British Pound / Japanese Yen
240 5 6
I'm long on the longer term based on my previous idea. This bat could be a good shorter term short opportunity though.

1 target as shown on chart, SL 15 pips above X. Some might want to take the usual targets at the 38.2 and 61.8 ret of CD.
I will try to watch PA closely around that bat completion level to enter or I might set an order for it if I'm not available by that time.

If the bat works out then I'll try to add longs as per my longterm view around the 50%-61.8% retracement of this bat, SL below the lowest low, target as in my previous idea.

Longterm idea here:
Order cancelled
is it time to enter a short ?
Hi, just learning around here.. Is it right to say for the BAT to form, it has to hit point D ?
KVE nl88
Yep, bat completes at D, typically 0.886 retracement of XA!
+1 Reply
KVE arif_awan
I saw that, great!!
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
AR العربية
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