KamalFX

GBPUSD BAT PATTERN X DEMAND

Long
FX:GBPUSD   British Pound / U.S. Dollar
Here we have a decent set up. Price is currently in a bullish trend and has been reacting off of a key level of structure. The bat patten completion and demand zone also fall within this level of structure giving a nice level to enter.The 200 ema is also floating close to my entry level which could be used as support and added confluence.

My 1st entry has a risk reward of above 2:1 and my 2nd entry has a risk reward of 4:1.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.