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Aleksandar_Rose

GBPUSD is giving a potential Bearish Bat

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Aleksandar_Rose  
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD Harmonic Patterns advancedpatterns trendcontinuation trendtrading Bat
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gbpusd harmonicpatterns advancedpatterns trendcontinuation trendtrading batpattern
Price is crawling towards the entry point of a potential advanced harmonic pattern, or Bearish Bat on GBPUSD, 1H.
We are in an established bearish trend, so I will use the Bat Pattern as an entry reason for hopping on that trend.
Stops above X leg, 1st target will be conventional and 2nd will be extended or retest of A's leg.

Bearish Bat

Entry @ 1,2787
Stop @ 1,2844
Initial Target 1 @ 1,2712
Initial Target 2 @ 1.2600

Good luck!
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