GBPUSD Bullish Bat completion

FX:GBPJPY   British Pound / Japanese Yen
Bullish Bat pattern is completed.

Potential reversal zone (PRZ) has many fibonacci extensions in it, not only one or two. That makes this level even more important as a potential reversal area. Structure is giving strong support and there is also an ascending trendline giving some support at this level.

After a strong downtrend move that has taken price from 188.700 to 175.580 it would be wise to wait for some kind of confirmation of potential reversal before entering.

Could be a great trade with great risk/reward, but be careful...
Order cancelled: Price went down without signs of reversal so there was no trade.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out