GBPJPY 60min Bear Bat + Double Top @ Entry + TCT
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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.