Like GBPUSD, GBPJPY also has a Bullish Bat setup that B point hasn't touch Fibonacci Retracement 50%. Although it is a similar setup, there are 2 things that GBPJPY came to a bit short compare to its big brother GBPUSD.
1. The Friday candle close haven't touched Point D.
2. Point C touches Point A candle body.
Where we can wait for #1 to fulfil but #2 is a warning sign and the minimum candle formation you need to see is a Bullish Engulfing candle at Point D.
1. The Friday candle close haven't touched Point D.
2. Point C touches Point A candle body.
Where we can wait for #1 to fulfil but #2 is a warning sign and the minimum candle formation you need to see is a Bullish Engulfing candle at Point D.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
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🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.