The rally in GBPJPY is going to reach the D point of a Bearish Bat Pattern.
1. Bat Pattern
2. RSI high
3. MACD 4C bullish to reach D
TP1 at .382 CD leg
TP2 at .618 CD leg
SL 1:1 with TP1
Advice: Take care trading GBP market this days due to the Thursday 5th Bank Of England meeting. If the market reaches point D before, perhaps it is good to wait for the resolution.
1. Bat Pattern
2. RSI high
3. MACD 4C bullish to reach D
TP1 at .382 CD leg
TP2 at .618 CD leg
SL 1:1 with TP1
Advice: Take care trading GBP market this days due to the Thursday 5th Bank Of England meeting. If the market reaches point D before, perhaps it is good to wait for the resolution.
Comment:
Reached. Waiting for the consequences of the meeting.
Trade active