GBP.JPY > Short Opportunity

Currency pair - GBP.JPY ( White )
Chart timeframe - 1hr
Area of interest - 142.297 & 142.735
Chart pattern - Bearish Bat

Potential target 1 - 140.903
Potential target 2 - 140.048
Potential extended target - 139.500

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Currency pair - GBP.JPY ( Blue )
Chart timeframe - 1hr
Area of interest - 141.894 & 142.735
Chart pattern - Bearish Cypher

Potential target 1 - 140.647
Potential target 2 - 139.877
Potential extended target - 139.500


Please implement your own due diligence prior to entering the market.

Yorum:

If you entered at the D leg completion, both Cypher and Bat setups hit target 2.

Please note i didn't take this position due to my rules not being met.