On the GBP.JPY 4 hour chart we have a potential long opportunity at the D leg completion of a Bat Pattern
The price reversal zone on this pair is between 155.835 & 154.746
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 88.60% - 161.80% - 141.40%
AB=CD Completion: 156.806
RSI Bullish divergence
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 162.300
Stop loss would be placed below X leg structure support.
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The price reversal zone on this pair is between 155.835 & 154.746
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 88.60% - 161.80% - 141.40%
AB=CD Completion: 156.806
RSI Bullish divergence
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 162.300
Stop loss would be placed below X leg structure support.
Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www. Twitter.com/Tom_H_Official