TomHall
Short

GBP.JPY - Bearish Bat Pattern 162.114

FX:GBPJPY   British Pound / Japanese Yen
On the GBP.JPY 15min chart we have a potential short opportunity at the D leg completion of a Bat Pattern

The price reversal zone on this pair is between 162.114 & 162.283
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

161.80% & 88.60% Fibonacci confluence at the D leg completion.

Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move.
Stop loss would be placed above X leg structure resistance .

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Hi Tom, nice trade.
Reply
gbpjpy is already with more than 160 pips gap down
+1 Reply
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