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lyl89

GBPUSD - Bearish Bat Pattern Completed on H1 Chart

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
lyl89 Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
GBPUSD gbpusdshort Bearish Bat Bat Harmonic Patterns harmonicforex
6
0
gbpusd gbpusdshort bearishbat batpattern harmonicpatterns harmonicforex
Spotted this bat pattern slightly late as it has started to react.

  • PRZ seems like a good H1 resistance zone judging from consolidations along the zone
  • Shorted at 1.2482 where price is still in PRZ
  • RSI has shown bearish divergence
  • R:R at 1.2 (TP1) and 2.1 (TP2)
Trade closed: stop reached:
Trade stopped out at 30 pips.
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