2018May08 GBPJPY H4 Bullish Bat

16 mai 2018

There is a bullish bat, a trend continuation pattern, for GBPJPY. Price entry at 147.726 is guided by a candle breaking and closing above the resistance of the diagonal channel. Stop loss is just below point X while take profit targets are at the 38.2 and 61.8 Fibonacci retracement of leg AD and point A. I plan to manually cancel this order if price goes to TP1 before getting triggered.

Trade Setup: Bullish Bat
Price Entry 147.726
SL 146.160 | SL pips 156.6
TP1 149.647 | TP1 pips 192.1
TP2 151.251 | TP2 pips 352.5
TP3 153.848 | TP3 pips 612.2
RRR1 1.23 | RRR2 2.25 | RRR3 3.91

9 juin 2018

Note

TP1 hit! (May 17)