GBPJPY: Bat Pattern / SELL

FX:GBPJPY   British Pound / Japanese Yen
On FX:GBPJPY             , as you look at 4H chart, it is clear that the market moves sideways. There is no direction bias. The price is going close to 17th September High, where the price bounce is expected. The big institutional order mostly placed on key zones, so why not follow big guys?!

There is a valid bat pattern , which gives the signal where to go short. Also, we have clear SL and TP zones identified. Thus, when the price hits 88% retracement of XA leg, it is a good signal for SELL. This potential trades has a great Risk/Reward.
T1 - 38.2%
T2 - 61.8%
Do you Trade Binary Options? We made a list of 10 Best Brokers at
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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