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PateSkpate

GBPJPY 60min Bear Bat + Double Top @ Entry + TCT

Short
British Pound / Japanese Yen (FX:GBPJPY)  
PateSkpate  
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY TCT 60min swingtrading swing Bat Double Top rsidivergence structure
5
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gbpjpy tct 60min swingtrading swing batpattern doubletop rsidivergence structure
GBPJPY has been in a Bearish Trend. It has recently pulled back into previous structure in the formation of a Bear Bat Pattern. Price has now Double Topped at the Bear Bat entry point with RSI divergence. For me stops will go 1 ATR Above the Double Top and I've shown a few examples of where one could take profits. Great R:R no matter where you are taking profits.

CTS Traders:
- Structure
- Bear Bat Pattern
- Double Top @ Structure Zone
- RSI Divergence
- In the direction of Trend

How much more can we ask for!!?? IF this type of trade is in your trading plan THEN it's a no brainer!


Best of luck in the Markets
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