GBPJPY - Bat - D - ratios, ratios and ratios...

FX:GBPJPY   British Pound / Japanese Yen
38 3 1
Hey traders !

Bat pattern may complete after hitting C point at previous structure support 173.04. It would come to D point at 170.00.
I have a ton of ratios matching in at that position (i have drawn two previous trend lines in dotted black lines) FG             retracement has 0.382 on D and HI retracement has 0.618 on D. Also we got ratio confluence on D with XA 0.886 retracement and AB 1.618 extension . Hopefully RSi will lead the way with an oversold :)

Here are the entry, stop and target for the optimistic trades (since i don't know it will complete).
Entry at D point 170.06, stop loss at previous structure and bellow X, maybe 168.77. Target one is at CD 0.382 retracement (171.07) and target 2 is at CD 0.618 retracement (171.79). Would be an awesome profit there...

Risk reward profile is 1 to 1 for target one and 2 to 1 for target two.

I am currently making a website where i'll share all my ideas, explanation and analysis of the market,
Good luck and good trading !

Do let me know when your website is ready :)
Will do i soon as it's done !
Great harmonic patterns,
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out