GBPUSD: Potential bearish bat pattern Short

British Pound/U.S. DollarFXCM

Description

⋅ Jun 25, 2017 3:59 PM

Hey traders,

On the GBPUSD hourly timeframe we have a potential bearish bat pattern taking shape. Completion of this pattern is at point D, which is near the 50% and 61.8% Fibonacci retracement of the larger moves.

Cheers