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NicTrades

GBPUSD 4hr bullish bat at bottom of triangle

Long
British Pound / U.S. Dollar (FX_IDC:GBPUSD)  
NicTrades  
FX_IDC:GBPUSD   British Pound / U.S. Dollar
GBPUSD Harmonic Patterns Bat
7
0
gbpusd harmonicpatterns batpattern
Cable has been trading within a triangle pattern since the end of June lows with slow overlapping waves and respecting Fibonacci patterns nicely. The Mid August low was also a bullish harmonic pattern.
This harmonic bat pattern support at 1.2914-36 has us looking for a bullish reversal or bounce at least back to 1.3137 . This trade idea is wrong below 1.2850.
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