GBP/JPY - Extended Pattern

704
Here we are looking at one of my favourite pairs to trade... GBP/JPY on a 4h chart with an extended harmonic pattern, this is a perfect buying opportunity.

Price has formed a head and shoulders pattern within our bullish bat, which adds extra confirmation to my analysis. We are currently approaching our reversal zone (D point) where I'll be expecting price to stall out followed by a sharp move to the upside.

Do you want more trading inspiration? Connect with me below :)
Instagram: instagram.com/lewglasgow/
Facebook: facebook.com/lewglasgow

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.