BoonHooi
Short

GBPJPY Bearish Bat Completing

FX:GBPJPY   British Pound/Japanese Yen
I see a bearish Bat completing on the pair. Will be keeping a close eye on this to take a short.
Trade active: Missed my Sell Limit price of 162.25, jumped into the trade @ 161.79.
Doubled up my exposure to GBP weakness after having a GBPUSD short position
Trade active: Also protecting the profits here, switching the stop loss to break even. Risk free trade
Trade closed manually: Trade closed at break even. Potentially a new trade to short
GBP appear to come into its senses
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By the way, i'm not trained in harmonic patterns trading
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BoonHooi marcus1983
Cool..... I thought I missed a pattern that you saw. Yes agree.... Price might probably go higher. Lets watch this
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Thanks. I had put pending sell at 161.300, in case price action ignore the bat pattern
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BoonHooi marcus1983
Hi Marcus, Could I ask if you are trading using Harmonic patterns? I don't see a buy at 161.30. Do be a little cautious, the way this current bar is forming at 162.37, I do not have a trigger to short this pair.
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marcus1983 BoonHooi
Hi boon hooi, i'm just more cautious on price action. Because if price action confirm respond to the harmonic pattern, it would short do doubt. But if price action does not respond to the harmonic pattern, there could be probability for price to go higher
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