Potential Short trade on GBPJPY
Actually We Have:
1-bearish Bat pattern
2-Structure resistance area (195.55:195.80)
3-Ascending Channel
4-Supply Zone
-Now the price nicely going up , making higher highs & Higher lows . we anticipate that price will go to the same direction until find a resistance area .
-The (D) Complation point of Bat Pattern , Higher Band Of Channel , Structure Resistance area with Supply Zone , Give us a nice Technical Confluence in the area between (195.55) and (195.80)
-So we can anticipate that price will face a strong breaish power in this area , can push it donw. give us a nice Potential Short trade.
-Our Stop Must be above the (X) point of the bat pattern and the supply zone
-Our target is 0.382 fibonacci retracment From (A) to (D) points of the Bat Pattern
Be Sure to Be Ready .....!!
Thanks ....!!
1-bearish Bat pattern
2-Structure resistance area (195.55:195.80)
3-Ascending Channel
4-Supply Zone
-Now the price nicely going up , making higher highs & Higher lows . we anticipate that price will go to the same direction until find a resistance area .
-The (D) Complation point of Bat Pattern , Higher Band Of Channel , Structure Resistance area with Supply Zone , Give us a nice Technical Confluence in the area between (195.55) and (195.80)
-So we can anticipate that price will face a strong breaish power in this area , can push it donw. give us a nice Potential Short trade.
-Our Stop Must be above the (X) point of the bat pattern and the supply zone
-Our target is 0.382 fibonacci retracment From (A) to (D) points of the Bat Pattern
Be Sure to Be Ready .....!!
Thanks ....!!
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