gelena3000
Long

GBP JPY Break of Structure (Bat Pattern)

OANDA:GBPJPY   British Pound / Japanese Yen
Expecting a break of structure past the 137.900 (previous HH) level to the completion of the bat pattern at 138.600 which is within the 88.60% and 1.618% point of the D zone.

From there I will be expecting a minor retracement (50.00% or 61.80%) to TP1 which is point B of the pattern, from there I will be looking for signs of a trend continuation to enter long once again,

Regards

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