FX:GBPUSD   British Pound / U.S. Dollar
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.
http://www.UKForexSignals.com

Learn To Trade The Bat Pattern .
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Getting a similar target for the top. 1.56-57.
+1 Reply
Nice one Tom - looks promising
+1 Reply
TomHall Oztrade
Nice setup, best of luck mate
Reply
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