vikinsa

GBPUSD Long and Short Positions

FX:GBPUSD   British Pound / U.S. Dollar
As expected, a rally has come and the price has broken to the upside to test 200SMA on weekly timeframe .
However it is not done yet. It needs to go to 1.13 Fib Extension for Alt Bat Pattern to complete. Hence we can buy a dip for a small Long position.
Our original analysis to short at the completion of ALT Bat Pattern is still intact.
Trade active: Short entry active what a precision entry it is
Trade closed: target reached: Long target reached
Trade closed: target reached: Short target 1 reached:

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