GBPJPY bullish bat pattern
Updated
Hi traders,
On the GBPJPY we can see that a bat pattern has already completed. I'm waiting for price to go down to the 88.6% Fibonacci retracement again on the next day and enter from there, to optimize the R:RR.
If price goes up too far (above 145.100) the pattern is invalid to me.
Entry: 143.631
Stop: 142.214
Target: 145.987 = R:RR 1.66
Good luck guys!
On the GBPJPY we can see that a bat pattern has already completed. I'm waiting for price to go down to the 88.6% Fibonacci retracement again on the next day and enter from there, to optimize the R:RR.
If price goes up too far (above 145.100) the pattern is invalid to me.
Entry: 143.631
Stop: 142.214
Target: 145.987 = R:RR 1.66
Good luck guys!
Trade active
Trade closed: stop reached
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