GBPJPY 1D - BEARISH BAT PATTERN -Beware of Overlapping Structure

What a week for the GBPJPY! As we continue our push higher the pair is coming close to the Killzone for a potential bearish bat pattern. Something to be concerned about with this pattern however is what I call the "overlapping level of structure" which means that we have a relevant structure high above the structure high that should serve as a safety net for our potential pattern formation.

For more on this trading opportunity & a smaller intraday one in advance of the potential pattern completion please check out the youtube video "Learn to Trade - Small Differences in Good vs. Great Trading Opportunities" around the 1:30 mark

I hope you guys have a great week of trading.

Your Trading Coach - Akil