GBP.JPY - Bullish Bat Setup - 137.512

30 Mar 2017

On the GBP.JPY Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.

The price reversal zone on this pair is between 137.512 & 136.449
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 144.00
Stop loss would be placed below X leg structure support.

Target 1 - 140.316
Target 2 - 142.109

30 Mar 2017

Catatan

Please Note:
I am already long on this position with much tighter stop loss and target.

30 Mar 2017

Catatan

30 Mar 2017

Catatan

5 easy steps to trade the Bat setup.

30 Mar 2017

Catatan

We have seen a strong bounce off the D leg completion, depending on your entry, target and RR there is a potential to trail stop loss soon.

30 Mar 2017

Catatan

Awaiting a break and close above 139.300 prior to any trailing stop loss.

30 Mar 2017

Catatan

Price approaching resistance on the 1hr chart and overbought on the RSI.
I will now be trailing stops.

30 Mar 2017

Catatan

Price approaching Target including trendline breakout.

30 Mar 2017

Catatan

Consolidation period now expected into this evening.

31 Mar 2017

Trading ditutup: target tercapai

31 Mar 2017

Catatan

31 Mar 2017

Catatan

5 min chart as the breakout occurred.

31 Mar 2017

Catatan

March Results including the EUR.USD

30 Apr 2017

Catatan

GBP.JPY outlook into this week.