GBPJPY BULLISH BAT ( STRUCTURE + EMA) for FX:GBPJPY by morshedul.sazid

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British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

Bat

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Hey traders! we have a potential bullish Bat pattern in GBPJPY . We have a structure support for a good backup. Entry @ 171.731. Stops and Targets are given.

Feb 03

Trade active

Feb 04

Comment: Move stops to Breakeven.
Too much volatile news coming ahead.

short to next support? 168?

King_arman91

Hey Arman! This trade was closed at BE before the news, Glad I had the time to update. Well, I have no setups now for short, If I do I will post, But it seems bearish atm :)

Thanks a lot for the setup !

Thet

Cheers!

Good call Morsh. Entry off the rising trend line was possible at 171.96 but not at 03:00 GMT! I think if we clear the 200 sma on H4 we could be heading back to 175.66 WR1 Resistance. Through there opens a potential move toward 180 though any weak economic releases would stall that move. Tomorrows BOE Inflation Report and Monetary Policy Summary will most likely set GBP's direction.

theforexportal

Well, Idea was good, sadly did not have the entry by few amount of pips, But I do not mind actually, this happens pretty much, need to move on to the next one and so on. And yes, BOE inflation report and Monetary policy would determines the trend :)

Is this active mate?

Fxprotrader

No mate! it is not yet active :)

morshedul.sazid

Ok, i asked beacause it's working good for now.. Nevermind, let's go for the next one.. :)

Fxprotrader

Missed it few amount of pips! could have been a good one!
Yea let us :)