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PlutusX

GBPUSD Harmonic Bat Pattern Analysis and Strategy

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
PlutusX  
FX:GBPUSD   British Pound / U.S. Dollar
Harmonic Patterns Chart Patterns Technical Indicators GBPUSD fxtrading mam ｆｘ educational strategy
2
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harmonicpatterns chartpattern indicator gbpusd fxtrading mam ｆｘ educational strategy
The pair is forming a bat pattern and we are trading the 4th leg. Breaking the yellow trend line gives our trade idea confirmation to go long with take profit on the blue resistance zone. We would then initiate a short as the next part of the strategy. We are looking for confirmation of the break on the one hour chart with a retest (Resistance becoming support). GBPUSD
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