PaschalPT
Short

Bearish Bat Is En Route

FX:GBPUSD   British Pound / U.S. Dollar
#USDJPY 4HR Chart

After last weeks breakout of the bearish channel , price seems to be in full swing riding up to the next structure level of 1.30100 (Price Reversal Zone) where we could come into some friction before looking for a short entry. Alongside that's a bearish bat looks like it's in the mix with its D leg looking to complete at the PRZ aswell. Once the criteria is met we shall enter a short position down into structure. Target 1 (38.2%) and Target 2 (61.8%), But if all fails and the Bat get invalidated we could expect price to move up towards the 1.3200 level.

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