hello traders. i hope everyone is enjoying their weekend. i have here a pattern i had spotted on GBPJPY whch shows to be a good reversal zone. bat pattern completion D point is above current market though so i am expecting one more slight push up before a drop down. d point falls into fibonacci confluence at different points of the bigger downtrend and there is a mid-point minor trendline resistance above current market right at bat pattern PRZ. lower tf also show divergence.
entry: 162.910
sl: 165.170
tp1: 159.790
tp2: 157.850
entry: 162.910
sl: 165.170
tp1: 159.790
tp2: 157.850
David K Giraldo