Trade Ideas Position: GBPJPY Bat
A Bearish Bat pattern has formed up earlier and we had engaged the trade. This post was delayed due to the 10limit post per day restriction that was set by tradingview. I had written them a feedback hope this can be fixed.
So back to our analysis, this was a perfect setup as the bearish bat pattern was formed on the sell zone area on this trend trading setup, there is an RSI divergence on this too.
The only thing that isn't that great is candlewick of Point C(circled red) touches Point A, but that concern has been answered with the 3bar reversal candle that breaks below and closes below the terminal bar which has been marked T-Bar.
If this sound alien to you, drop me a message rather than rushing into the trade.
So back to our analysis, this was a perfect setup as the bearish bat pattern was formed on the sell zone area on this trend trading setup, there is an RSI divergence on this too.
The only thing that isn't that great is candlewick of Point C(circled red) touches Point A, but that concern has been answered with the 3bar reversal candle that breaks below and closes below the terminal bar which has been marked T-Bar.
If this sound alien to you, drop me a message rather than rushing into the trade.
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
tiktok.com/@raynlim
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