tommyb35
Short

Massive Bat Pattern

FX:GBPJPY   British Pound/Japanese Yen
There is a Massive Bat pattern on the Gbp/Jpy             . Now it almost completed, it was about 15 pips short, which can be a potentially good thing. Since this pattern can have between 150 - 200 pips of risk depending on how you place your stops, if Price action will push back up and double top with bearish divergence you can then enter NBM and drastically reduce your risk placing stops above the double top as opposed to above the X leg. Either way this pattern has huge potential if you can accept the risk. As always follow your plan and good trading.
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