makindiilete
Short

GBP/JPY - Bearish Bat

FX:GBPJPY   British Pound / Japanese Yen
Hello traders, here we have GBP/JPY on the 5min chart with a valid bearish bat pattern.

All-round excellent opportunity with over 1:2 risk to reward.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

The D point forms around a solid resistance zone , I will share more analysis as the pattern progresses.

I'll be looking for additional confirmation before taking the trade!
Order cancelled: Price didnt reach our D point before selling off so trade is cancelled
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