russelldaily

Alternate Bat Completion

Short
FX:GBPJPY   Livre sterling / Yen japonais
1
This Bat completion stopped just above the 1.13 extension of the XA leg. It then retraced approx. 140 pips but I'm not convinced to enter just yet. I would rather look for a double top and then Bearish indication. Also, I would not think of entering a yen trade until after the 9:30 Kuroda speach. I can't draw a definite short entry because I won't know where I will get a bearish indication. This is all based on a reveral off the double top. If price significantly breaks the 182.50 it's a whole new ballgame. I am currently long with one half position at the top and the other half at the 1.27 extension of the XA leg.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.