GBPJPY, daily: SHORT, Bat pattern

Formation of bat pattern.

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I actually posted this trade a day ago but forgot, my bad

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^ In the title I said short, I mean long
Prices hit entry point, now gauging price action for signs of reversal before entering

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It has closed below my potential reversal zone. We will see how this plays out but I think its unlikely that it'll turn around. This is a good example to wait for price action reversal before entering a trade

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We saw a reaction earlier today but I was asleep so I just jumped in

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UPDATE:

- So far, so good, 1st profit target will be 38.2% AD

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take profit and run for the hills :)