GBPJPY (Bat Pattern) -1h Chart
I managed to find a Bearish Bat Pattern with some confirmations:
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 0.886 (Fibo X-A)
- Take profits at 0.382 and 0.618 (Fibo A-D)
- Third TP would be back to where it all started
We can see a Double Top at 0.886 (D completion) and MACD shows divergence by not having same structure, which means divergence for our bearish impulse to happen.
Good Trading. - 1h Chart
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 0.886 (Fibo X-A)
- Take profits at 0.382 and 0.618 (Fibo A-D)
- Third TP would be back to where it all started
We can see a Double Top at 0.886 (D completion) and MACD shows divergence by not having same structure, which means divergence for our bearish impulse to happen.
Good Trading. - 1h Chart
Ordre annulé:
CD Leg did not respect
