J_Graystone
Short

GBPJPY Fib Inversion Number 3! and Bat Pattern

FX:GBPJPY   British Pound/Japanese Yen
643 7 15
Following 2, yes 2 Winning Fibonacci Inversion Trades over the last two days, we are now setting up for the 3rd.

This Fib Inversion happens to line up with a 1.618 extension and an 886 retracement which puts us on Bat Pattern alert.
We have broken the B leg for the Bat do we can keep an y eye on the market for that D completion up at 168.50

If you trade the Fib inversion Trade, then your entry will be at 168.26

Either trade offers a great Risk Reward so we will be keeping an eye on this one.

Good Luck

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The planning was good. Good trade. thanks
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Stops hit.. another loser... oh well... on to the next...
+1 Reply
And here is a very short video explaining what we were looking at on this pair https://youtu.be/iinHeVjCOBI
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PateSkpate J_Graystone
Good video! You've analysis has been spot on in this markets for days! Well done :)
+1 Reply
Thanks man!
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Very nice setup! It's going on the radar!
+1 Reply
We got each others back at Trade Empowered Kenny! ;-)
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