GBPUSD Bearish Bat Daily Short

British Pound/U.S. DollarFXCM

Description

⋅ May 9, 2017 9:48 PM

Good evening!

This time we can see a potential Bearish Bat forming on the GBP/USD daily chart.

Two numbers of the PRZ 0.886 XAD and 1.618 BCD defined a tight zone between 1.3262 – 1.3269 to get short.

First TP is placed at the 38.2% of the ABCD at 1.2747 (522 pips from PRZ).
Second TP is placed at the 61.8% of the ABCD at 1.2425 (844 pips from PRZ).

Best trades!

Bearish Bat

Comments

patterntrader

⋅ May 9, 2017 10:33 PM

Plotting chart setup professionally is a skill. Thank you for sharing this idea. Hope things come out well. Continue your good work.
Thank you.

trader0618

⋅ May 9, 2017 10:40 PM

@patterntrader, Thank You very much. I appreciate it.