TheAlcoveFx

GBPJPY: Harmonic Pattern & Structure

FX:GBPJPY   British Pound/Japanese Yen
Hey traders,

Today we have a cool opportunity, we have a BAT harmonic pattern lining up with some minor support. What's key to look at is how price is making lower lows with lower closes giving a higher indication of a bearish trend . Price has continued to follow trend behavior by breaking new structure lows, coming back up to re-test and then continuation to the downside.

We can put this together along with our Bat pattern completing in this kill zone, We have a great trading opportunity to short the market when IF it comes back up to that level. Stops Above X and targets down at the 38.2/61.8

Like always if you have any questions, comment below, follow us on social media !

Daniel Garnier - Founder of The Alcove Fx
http://www.thealcovefx.com

Follow us on Instagram: @thealcovefx
Follow us on Periscope: @thealcovefx
Follow us on Youtube: https://www.youtube.com/channel/UCmcUTRjA4YqOQdu_MAY1afg
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out