GBPJPY, daily: SHORT, Bat pattern

Formation of bat pattern.

Trade active:

I actually posted this trade a day ago but forgot, my bad

Comment:

^ In the title I said short, I mean long
Prices hit entry point, now gauging price action for signs of reversal before entering

Comment:

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

Trade active:

UPDATE:

- So far, so good, 1st profit target will be 38.2% AD

Trade closed: target reached:

take profit and run for the hills :)