Short

GBPJPY - Bearish Bat

If you have engaged after this candle closed. It is a great call. And this is why you should have engaged in the trade.

1. It has reached the completion price of the Bullish Butterfly Pattern(cyan).

2. Bat Pattern consolidation at D, but fail to break and close above Point X of the Bat Pattern and that is a good sign. It attracts structure traders to hop in.

3. Long shadows appears, showing a strong rejection of the Bearish Bat Pattern.

4. RSI Divergence is a good sign of GBPJPY weakening.

RaynLim

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RaynLim

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