Bullish bat- 4 hour time frame- GBP/JPY

70
Good afternoon everyone, here we have GBP/JPY on a 4 hour time frame having already completed a bullish bat,

This is an excellent trading opportunity with a potential risk to reward of nearly 1:3.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

I'll be looking for additional confirmation before taking the trade! price has oversold on EM and is in between support and resistance.

I hope everyone has a good week ahead, please leave a comment or interact and I will be sure to reply.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.