Hello traders, today we have GBP/JPY on the 4h chart with a potential bullish bat pattern, it's currently completing the C to D leg and closing in on the PRZ.
All-round excellent opportunity with over 1:3 risk to reward.
The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886
This aligns with my current short position on NZD/JPY as I'll be looking to close this in profit shortly.
More analysis on the way :)
I'll be looking for additional confirmation before taking the trade!
Komen
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At this moment in time you have two options.
1. Move your stop loss to break even and secure the trade.
2. Close your position and re-enter the market with 50% of your original position size to ensure a guaranteed profit, place your new stop loss at your original entry point.
All the best everyone, more profitable positions to come.
Komen
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We are now approaching our final take profit level, 70 pips to go! Well done everyone :)
Dagangan ditutup: sasaran tercapai
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500 pips on GBP/JPY in under 3 weeks, back to back with NZD/JPY.
Both bat patterns :)
Komen
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This really took off after hitting my final TP, bagged 500 pips and continued 600 more... Wow!