BoonHooi
Short

GBPJPY Bearish Bat Completing

FX:GBPJPY   British Pound/Japanese Yen
6 months ago
I see a bearish Bat completing on the pair. Will be keeping a close eye on this to take a short.
6 months ago
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
6 months ago
Trade active: Also protecting the profits here, switching the stop loss to break even. Risk free trade
6 months ago
Trade closed manually: Trade closed at break even. Potentially a new trade to short

Related Ideas

marcus1983
6 months ago
Thanks. I had put pending sell at 161.300, in case price action ignore the bat pattern
Reply
BoonHooi marcus1983
6 months ago
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.
Reply
marcus1983 BoonHooi
6 months ago
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
Reply
marcus1983
6 months ago
By the way, i'm not trained in harmonic patterns trading
Reply
BoonHooi marcus1983
6 months ago
Cool..... I thought I missed a pattern that you saw. Yes agree.... Price might probably go higher. Lets watch this
Reply
marcus1983
6 months ago
GBP appear to come into its senses
Reply
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