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lyl89
Apr 12, 2017 5:50 AM

GBPUSD - Bearish Bat Pattern Completed on H1 Chart Short

OANDA:GBPUSD60
GBP/USDOANDA

Description

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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

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Trade stopped out at 30 pips.
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