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GBPJPY Bullish Bat And Potential Long Opportunity TP2 Reached 75 Pips

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GBPJPY Bullish Bat And Potential Long Opportunity

Published: 08-06-2018

CHART TIMEFRAME: H1

DESCRIPTION: As seen on the chart, GBPJPY completed Bullish Bat Pattern at  D Fibonacci 0.836 of XA  – 146.040 – We may see a retracement towards Fibo 61.8 of XA and BC

TRADE: LONG

AREA OF THE ENTRY: 146.250

STOP: 145.700

TAKE PROFIT 1: 146.650

TAKE PROFIT 2: 147.000

UPDATE: TP1 REACHED 45 PIPS.  Close 30% of the positions move SL to entry and wait for the second target.

UPDATE: TP2 REACHED 75 PIPS TRADE CLOSED.

You can follow the idea of trading view via the following link:

https://www.tradingview.com/chart/GBPJPY/lzaLv9DE-GBPJPY-Bullish-Bat-And-Long-Opportunity/

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

                                                   Chaetreaderpro.com
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GBPJPY Bullish Bat : Forex Trading involves 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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