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Nico.Muselle

GBPJPY - potential bullish bat pattern

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Nico.Muselle  
FX:GBPJPY   British Pound / Japanese Yen
15
7
A further move down of this pair could bring us to the completion of a bulish bat pattern. As always, bat patterns have a pretty good RR ratio, target 1 being approx 1.5 and target 2 approx. 2.5 times the pips we risk.

As this is a setup on the 240 chart, I use a 1ATR stop loss under X.

* UPDATE : This pattern has now completed
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