GBPUSD - Bat pattern completed - test previous support ?

FX:GBPUSD   British Pound / U.S. Dollar
1286 35
A bullish bat pattern has completed on this pair and a . 382 retracement would take us right back to the previous support shelf that has been proven strong and that should now become resistance. Hence I don't think that we can get more out of this than a retest of that level.

As it is a bat pattern , RR is good, stops below 1.5189, I would even suggest a 1 ATR stop @ 1.5170 as we are trading a pattern on the 240 chart.

Good luck and may the pips be with you.
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5340 last move then back to 4800 side
if the horizontal breaks, we might see it to the bottom of channel?
+1 Reply
Nico.Muselle jangseohee
A very possible scenario, although I don't think it will break the horizontal line without a struggle as there has been some support/resistance in the past as well. A further downtrend is very likely though as your channel suggests :)
+1 Reply
I get hard when I think about it.
-2 Reply
LOL .. TMI ! :)
DanV HexVex
Oh, not you again. I am beginning to think you have some jealousy issue are mentally unstable. One of those who do very little to share their word of wisdom and cannot see positive of others effort. Well anyone reading this will make up their own mind on the matter. But as for you I think you will not achieve whatever it is you are trying to do which this silly comments.

If you have anything worthwhile then surprise me by publishing something. Would be very interesting to see what stuff you are made up of. Looking forward to it.
+1 Reply
Look at my trades! You can't can you :)
-2 Reply
DanV HexVex
Yep, I have looked at your trades. Looks awesome. I would not hesitate giving you 100% but not sure if that will be enough for you.

Equally, that does not take way anything from this author. You can bark as much as you want. Makes no difference. Just because you disagree, you are making this your business to rubbish it.

Good job you do not rule the world. If you did you would be the only person left on earth as others will have been condemned by you and would not have hesitated in putting them out of the way. That is real smart.

Find something more productive to engage your bitter mind than this kind of nitpicks.
+1 Reply
do think non-farm payroll can send it down one more time before going up?
Nico.Muselle TaiwoOkanlawon3a
Hi, the NFP could have disastrous effects on this, so for sure I am not entering a trade on this pair before the dust on NFP has settled down and we get a clear vision on what could be next. :)
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