Toru
Long

Clear BAT Pattern on EUR/GBP Chart

FX:EURGBP   Euro Fx/British Pound
The EUR/GBP             pair shows perfect BAT pattern . The B point retraced to pretty much exact 0.382 and this pair bounced at 0.885 XA level that is within a PRZ of this pattern. Now, this pair gaped up at the open of this week making cable gapped down heavily. This EUR/GBP             is clear and this sign further stimulate the reversal. If this pattern do the job, 50% AD level is a fair target since B point locates in Fib zone. Let's see what market has to say.

Related Ideas

Recluse82
2 years ago
nice analysis, my target is 0.87
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Toru PRO Recluse82
2 years ago
Yes, this pattern is backed by ascending trendline and testing A or C point is very likely. Thanks for the very first comment!
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