GBPJPY BAT Pattern at Trending Channel

FX:GBPJPY   British Pound / Japanese Yen
427 5 15

Following the new structure high, market is respecting these trend lines . On the daily we are pushing up to previous structure resistance so we want to be aware of this if market reaches that level when looking to buy this pair.

However, we have a little way to go yet and anyone looking to get long, well we have this bat pattern completion down at 171.68 looking for target 1 at 172.97 and target 2 at 173.74

Stops below X.

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172.17 Higher High, Higher Close candle. Also a Double Bottom on the LTF with a pin bar candle on the restest and RSI being over sold at 19.5

great one Jason :)
All the best :)
+1 Reply
J_Graystone morshedul.sazid
Thanks. Market is also at an ABCD and 127 Fib extension of the most recent high
+1 Reply
morshedul.sazid J_Graystone

Gotcha :)
+1 Reply
J_Graystone morshedul.sazid
Yep! I got long this pair at 172.17
+1 Reply
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