Paun British / Yen JepunPanjang
Bullish bat- 4 hour time frame- GBP/JPY
Good afternoon everyone, here we have GBP/JPY on a 4 hour time frame having already completed a bullish bat,
This is an excellent trading opportunity with a potential risk to reward of nearly 1:3.
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
I'll be looking for additional confirmation before taking the trade! price has oversold on EM and is in between support and resistance.
I hope everyone has a good week ahead, please leave a comment or interact and I will be sure to reply.
This is an excellent trading opportunity with a potential risk to reward of nearly 1:3.
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
I'll be looking for additional confirmation before taking the trade! price has oversold on EM and is in between support and resistance.
I hope everyone has a good week ahead, please leave a comment or interact and I will be sure to reply.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.