TomHall
Long

GBP.JPY - Bullish Bat Pattern - 155.835

FX:GBPJPY   British Pound/Japanese Yen
On the GBP.JPY 4 hour chart we have a potential long opportunity at the D leg completion of a Bat Pattern

The price reversal zone on this pair is between 155.835 & 154.746
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Fibonacci Confluence: 88.60% - 161.80% - 141.40%
AB=CD Completion: 156.806
RSI Bullish divergence

Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 162.300
Stop loss would be placed below X leg structure support .

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I would guess lots of retail traders got roasted on this one.
+1 Reply
I certainly did :-)
Many more setups available on this pair.
Reply
mustard TomHall
Well, showing a good bullish Butterfly pattern on my H4 and oversold levels on momentum indicators but I am still sceptical and not pressed the button yet.
Reply
mustard mustard
GBPJPY Bullish Butterfly
+1 Reply
very nice setup
Reply
gbpjpy

any buy for this paire its a correction move i see 149 for long
Reply
Nice chart mate
Reply
ahmedfx TomHall
thx
Reply
This trade is now live.
Reply
This pair has been destroyed sir .. some how down to what level.
+1 Reply
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