PalokaFx

GBP/USD Idea on 15min chart

FX:GBPUSD   British Pound / U.S. Dollar
Bat mania :)
There is the possibility of a bullish bat forming in this uptrend channel , D leg completition (if any) it will be @ 1.3929. The C leg could still extend up to 0.886 retracement of A to B, if price goes above that level the pattern is invalidated. Let's see...
Comment:
Comment: The cypher above looks slightly better in that contest ;)
Comment: Mmm...that didn't work either, gbp is going crazy today...is it going to reverse anytime soon?!
No more bat pattern as the price has reached the other end of the channel, however price is now consolidating and I'll be looking for a reason to short the pair within that channel.
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