CROforce
Long

Bullish Bat on 4hr Chart

FX:GBPJPY   British Pound / Japanese Yen
95 1 4
I took this FX:GBPJPY             trade by looking at 1hr chart... I didn't enter the trade on D leg completion but I was waiting for price to come down to Support Level (marked in yellow) which appeared to be better entry point based on my analyses. Here we have RSI in oversold, RSI divergence, Minor/ major Support level is right at the 1.618 extension (from A to B). On a daily chart , we have C completion of a Cypher pattern at this structure level. We have retest of this support level on hourly time frame (mini double bottom :-)... This gives me enough confirmation to take this trade
Trade closed: stop reached
Trade closed . SL hit
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