L_Bartlett

Great week of opportunities GBP/JPY

Short
FX:GBPJPY   British Pound / Japanese Yen
Good evening traders!

Hope you've had a great week so far.

GBP/JPY 60 minute has provided us with two profit taking trades this week with a big Cypher pattern followed by a Bat pattern that completed this morning and with the recent move breaking above structure we could see another yet another Bat completing shortly.

Normal rules apply:

Target 1: 0.382 retracement of X-A
Target 2: 0.618 retracement of X-A
Stops at the 1.13 inversion

Good luck if you're also looking at this setup.