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.
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.
I would guess lots of retail traders got roasted on this one.
UnknownUnicorn180388
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I certainly did :-)
Many more setups available on this pair.
mustard
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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.
mustard
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UnknownUnicorn180388
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very nice setup
Fatary
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This pair has been destroyed sir .. some how down to what level.
UnknownUnicorn180388
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I am now personally in this trade so i am hoping this is the bottom :-)
ahmedfx
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any buy for this paire its a correction move i see 149 for long