TomHall
Long

GBP.USD - BULLISH BAT SETUP - 1.2870

FX:GBPUSD   Pound Sterling/U.S. Dollar
On the GBP.USD 240min chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.

The price reversal zone on this pair is between 1.2870 & 1.2800
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 setup placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 1.3345
Stop loss would be placed below X leg structure support .

Target 1 - 1.3103
Target 2 - 1.3246

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after point D, I am for traget 2
+1 Reply
TomHall TOP avenezh63
We will see how or if the market hit the D leg
Reply
Pound's been forming all kinds of harmonic patterns lately :)
GBPUSD: Advanced Pattern Confluence
+2 Reply
TomHall TOP lukeboland
Nice setup mate.
It certainly has, confluence is always key :-)
+1 Reply
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