GBP/JPY Short opportunity and possible Bat pattern

24 oct. 2015

First be identify which was the best place to go short, we found ABCD pattern completion just at resistance plus a 1.272 extension just at the market, giving reasons to look for bearish opportunities. And we get that with a Double top with an oversold condition and bearish divergence just at that zone.

Stops just above the DT, 1st target at the most recent low and the 2nd one in that key support level.

Double*

26 oct. 2015

Transaction en cours

First target was hit. Stops will stay in the same place until the 185.24 level is broken.

27 oct. 2015

Trade fermée: cible de profit atteinte

Second target hit.