Henrik-PatternTrading

GBPJPY, 1H, Bat and Deep Crab

Long
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY has just landed both a near to perfect Bat pattern as well as a Deep Crab pattern - both completing at the same levels.
Right now we are watching at a first reaction from the PRZ, that I´m personally not involved with, but will probably see a retest of the complete zone
before we hopefully get another (Type 2) reaction.

We have no clear trend so standard targets is recommended once involved in this trade.

Depending on wich pattern your plan let you trade you can have the SL tighter (using the Deep Crab as descission point).

Henrik Siverhall
Pattern Trading Sverige

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