GBP.JPY - BEARISH BAT SETUP - 144.959
On the GBP.JPY 15min chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 144.959 & 145.171
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 143.242
Stop loss would be placed above X leg structure resistance.
Target 1 - 144.177
Target 2 - 143.726
The price reversal zone on this pair is between 144.959 & 145.171
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 143.242
Stop loss would be placed above X leg structure resistance.
Target 1 - 144.177
Target 2 - 143.726
Comment:
5 EASY STEPS TO TRADE THE GARTLEY PATTERN
I get a number of PM's asking if i use a robot.
All potential setups are drawn manually on TradingView as opposed to and recognition software / robot.
This does require more time, however it's also the difference between a losing / breakeven trader and a profitable trader.