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UnknownUnicorn180388
Jun 9, 2016 9:48 AM

GBP.USD - Bullish Bat Setup - 1.4386 Long

British Pound/U.S. DollarFXCM

Description

On the GBP.USD 1h 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 1.4386
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Fibonacci Confluence: 88.60% - 1.618%

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 1.4597
Stop loss would be placed below X leg structure support.

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