Mulai
Pound Inggris / Yen Jepang
Pembelian

Long GBPJPY: Alternate Bat at Trendline Support

Oleh glennmercer
Diupdate
GBPJPY has completed a bullish bat at strong trendline support. This allows for a 5:1 R/R because a break and close below the trendline nullifies the trade. In addition to the pattern completion, there was a strong breakout from a 1D trendline that may potentially be retested. A missed pivot cluster may add to the bullish bias. We also have bullish RSI divergence printed, which is also oversold. Entry at current levels with SL below structure lows and target at the .382 retracement of the CD leg. The target is confluent with the missed pivot cluster.

Confluence in the PRZ:
  • Bullish alternate bat pattern complete
  • Strong daily trendline support
  • Missed pivot cluster at .382CD retracement
  • Bullish RSI divergence
  • RSI Oversold
  • Possible retest of breakout line

Catatan
Larger TF (Daily) Chart:
cuplikan
Trading ditutup secara manual
I'm closing this trade manually at breakeven. 4H Candle closed below trendline and is now retesting:
cuplikan
Alternate BatBatbreakoutconfluenceDivergenceGBPJPYglennmercergmercerfxHarmonic PatternsmissedpivotspivotPivot PointsPRZretestrsi_divergencersi_oversoldunhitpivots
glennmercer
Juga di:

Publikasi terkait

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.