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GBPJPY Bearish Bat and Short Opprtunity Target 1 Reached

Let's follow the harmonics

GBPJPY Bearish Bat and Short Opportunity.

We will follow the harmonics. First please check the initial pattern and setup:

GBPJPY Bullish Cypher and Potential Long Opportunity

Bullish Cypher is running well.

Dragon will complete forming  Bearish Bat Harmonic Pattern at 150.380 D Leg as described in the chart.

Area of Entry: 150.350 – 150.500

Short Trade with the target Fibo 38.2  149.800 and Fib 61.8 149.300. Stop Loss above X 151.000.

Update: Trade Reached the first target and running. 70 Pips So Far

 

GBPJPY Bearish Bat: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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