2018May24 GBPJPY D1 Bullish Bat
GBPJPY has recently been on an uptrend and then suddenly there was a massive selloff yesterday, May 23. Point D of the bullish bat was completed when the bulls were able to hold price at 145.946. This is very close to the 88.6 Fibonacci retracement of leg XA which is 145.996. I am looking to buy close to this level once there is confirmation of the bullish bias. Stop loss is placed just below point X while take profit targets are set at the 38.2 and 61.8 Fibonacci retracement of leg AD and point A. I plan to post specific details if there is confirmation and this setup still remains valid. Tentative details are as follows:
Trade Setup: Bullish Bat
Price Entry 145.996
SL 144.936 | SL pips 106.0
TP1 148.965 | TP1 pips 296.9
TP2 150.829 | TP2 pips 483.3
TP3 153.848 | TP3 pips 785.2
RRR1 2.80 | RRR2 4.56 | RRR3 7.41
Trade Setup: Bullish Bat
Price Entry 145.996
SL 144.936 | SL pips 106.0
TP1 148.965 | TP1 pips 296.9
TP2 150.829 | TP2 pips 483.3
TP3 153.848 | TP3 pips 785.2
RRR1 2.80 | RRR2 4.56 | RRR3 7.41
Catatan
This setup is invalidated with a candlestick closing below 88.6 of XA. (May 25)
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.
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.