kschiangb6
Long

Bullish Bat Pattern Forming On GBP/JPY 4-Hour Chart

FX:GBPJPY   British Pound / Japanese Yen
423 1 3
This Bullish Bat pattern looks pretty good with three Fibonacci levels in confluence with a previous support zone too. Looking to trade this long when price reaches down to Point D.

For a more detailed description of the confluences I found on this pattern, please read my blog post here: http://simplychartpatterns.wordpress.com/2012/11/12/bullish-bat-pattern-forming-up-on-gbpjpy-4-hour-chart/
Well, this one basically did not reach close enough to point D to trigger my pending buy order. So for me, its a scratch.... Back to the drawing board folks
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