GBPJPY: Advanced Bat Formation Near Completion

FX:GBPJPY   British Pound / Japanese Yen
Potential Bearish Bat Formation near completion on the GBPJPY             with a "D" completion at 157.18

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier             Online Trading Education Company

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Trade closed: stop reached: Wow, didn't expect to come home to this
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Hi Akil

Had the same trade on.
Are advanced patterns (gartley,cypher,bat) more effective when your 'AtoD' or 'CtoD' move is also a 3 drives pattern or ab:cd pattern? Any thoughts on this?
+1 Reply
I've never tested that so I don't know
Watch out for bullish Wolfe Wave;;;;
Mr Stokes the way i traded this yesterday i am sure you would have been disappointed. i was short, i took profit early just before it went bullish...
+1 Reply
Yes I would have been disappointed. In the short-term that's a great move since in earned you some money and saved you from a loss, but unfortunately the longer term effects may be more impactful
i was yesterday on this pair holding a long position and end with good profit, i dont think jpy sentiment will switch that fast especially on asian session traders yesterday decide to bet against it, i really like ur style (sentiment trading with harmonic technical), good set up and good luck, really good work from you and jason :)
+1 Reply
Akil_Stokes Reynolds89
Thanks you Reynolds
technicaly speakingg it B ppoint closed above 0.5 retracement ..... so invalidates bat pattern ... must close below .5
+1 Reply
Akil_Stokes kaushik.dana
Different traders have different rules for these advanced pattern formations
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