JasonGraystone

GBPJPY Fib Inversion Number 3! and Bat Pattern

Short
FX:GBPJPY   Livre sterling / Yen japonais
15
Following 2, yes 2 Winning Fibonacci Inversion Trades over the last two days, we are now setting up for the 3rd.

This Fib Inversion happens to line up with a 1.618 extension and an 886 retracement which puts us on Bat Pattern alert.
We have broken the B leg for the Bat do we can keep an y eye on the market for that D completion up at 168.50

If you trade the Fib inversion Trade, then your entry will be at 168.26

Either trade offers a great Risk Reward so we will be keeping an eye on this one.

Good Luck

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