GBPJPY: Potential Bearish Advanced Bat Formation

18 May 2016

While the EURJPY has about 4 Gartley formations on the horizon, the GBPJPY is nice and simple with a single advanced bat formation set for completion at the 161.70's level.

Make sure this trade meets your risk profile as the stop may be larger than it seems because of the pairs ATR.

Also here's a link to the periscope video that I did this afternoon for the FOMC minutes were releases discussing trading and news events. it will expire on Thursday at 1pm (NY) and I won't be uploading it to youtube .

periscope.tv/akilstokesrtm

Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company


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