GBPJPY Prints Thick Body Bullish Reversal Signal on 8 Hour Chart

Afternoon traders,

I’ve been working hard all week, no month on the new version of the Battle Station. One big upgrade is to make it work smoothly with my custom generated charts, like this 8 hour chart of the GBPJPY.

The battle station alerted me nicely to a bullish rejection candle that did form here on the GBPJPY 8H, and it looks like a good trade.

We can see a bullish market here, higher highs, and pending higher low created with the bullish rejection candle. It has a nice thick bullish body, which is a part of the anatomy I like to see when evaluating these reversal signals.

A quick glance at the history of  the 8 hour charts shows there are some very good quality signals printing on this time frame. I’ve always had an interest on the 8 hour time frames, but all the current tools didn’t offer a decent way to generate them. Now I’ve developed my own MT4 chart generator plugin, I’ll be able to watch them easier.

Looking to grab a retracement entry here. For those without the ability to get these custom time frames, there is also a similar signal on the 4 hour, and even on the daily chart.

There is also a previous of how the new battle station will notify you, with more descriptive messages and compatibility with the custom time frame.

Best of luck guys.