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British Pound / Japanese Yen
Long

GBPJPY, daily: SHORT, Bat pattern

By tradingitsnothing
Updated
Formation of bat pattern.
Trade active
I actually posted this trade a day ago but forgot, my bad
Note
^ In the title I said short, I mean long
Prices hit entry point, now gauging price action for signs of reversal before entering
snapshot
Note
snapshot
It has closed below my potential reversal zone. We will see how this plays out but I think its unlikely that it'll turn around. This is a good example to wait for price action reversal before entering a trade
Trade active
We saw a reaction earlier today but I was asleep so I just jumped in
snapshot
Trade active
UPDATE: snapshot
- So far, so good, 1st profit target will be 38.2% AD
Trade closed: target reached
snapshot take profit and run for the hills :)
GBPJPYHarmonic Patterns
tradingitsnothing
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