On the GBP/USD 4h chart we have a potential short opportunity at the D leg completion of a large Bat Pattern.
The price reversal zone between 1.5596 & 1.5658 is quite large on this setup, this is due to a small B leg retracement.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure support.
Website.
www.UKForexSignals.com
Learn To Trade The Bat Pattern.
The price reversal zone between 1.5596 & 1.5658 is quite large on this setup, this is due to a small B leg retracement.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure support.
Website.
www.UKForexSignals.com
Learn To Trade The Bat Pattern.
