UK Pound still on its bearish run, we have took extended target on this Bearish Bat Pattern and we are glad we did.
Target 2 hit a total of 107pips profit.
As for counter trend trader, do note on the black line that seems to be a strong support, if it is broken, it may extend lower. As for me, I would need additional confirmation before engage on this counter trend trade.
To Receive the Weekly Market Analysis, Subscribe to our YouTube Channel & Click the BELL Notification to receive alert once we have posted a video that might interest you: https://www.youtube.com/c/forex100academy