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L_Bartlett
Jan 5, 2017 7:36 PM

Great week of opportunities GBP/JPY Short

British Pound/Japanese YenFXCM

Description

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.
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