GBP/JPY Bullish Bat PatternGood afternoon traders!
So here we have a bullish bat pattern that has formed (Completion on the .886 retracement)
Stop has been placed at the previous swing low giving a 1.36 R:R
I'm still backtesting these patterns therefore the trade will be on the demo account, however looking forward to see how this pattern pans out.
Any questions, feel free to ask!
Happy new years,
Ike
Batman
GBPJPY: The Bat is Readywe have a very nice Bat pattern on FX:GBPJPY which is almost completed. Stops must go below the structure level 184.22, look left and check it. And our targets are 38.2 and 61.8 fib levels with the confluences of very nice key levels. Be aware that price has a high momentum, let it calm down and then go long. Besides we have a very nice confluence of weekly S1 right at the structure support level.
Avto_T
Green Luck
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