FX:GBPJPY   British Pound / Japanese Yen
991 10
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?
morshedul.sazid 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 !
+1 Reply
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.
+2 Reply
morshedul.sazid 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 :)
+1 Reply
Is this active mate?
morshedul.sazid Fxprotrader
No mate! it is not yet active :)
Fxprotrader morshedul.sazid
Ok, i asked beacause it's working good for now.. Nevermind, let's go for the next one.. :)
+1 Reply
morshedul.sazid Fxprotrader
Missed it few amount of pips! could have been a good one!
Yea let us :)
+1 Reply
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