400 Pips Double Bottom in GBP\JPY

A Double Bottom is now present at the volatile pair of GBP\JPY, at 4-hours chart. The pattern is not a standard double bottom but a asymmetric one, whose 2nd bottom is higher than the 1st. This is a sign of a POWERFUL pattern - as it indicates that the buyers are even stronger at the second bottom and therefore gaining strength quickly.

Price is now at the neckline. I would enter Long trade at the pullback to the neckline with Take Profit of 400 pips - the size of the double bottom. This is a very reliable pattern with high win rate (about 75%).