11021992
Long

GBPUSD bat pattern forming

FX:GBPUSD   British Pound/U.S. Dollar
Hi traders,

On the GBPUSD             we can see a bat pattern forming, which will complete at point D. This is the exact point where we can see the 161.8% Fibonacci extension of the move that formed a few days ago. We can also see the 61.8% Fibonacci retracement around this area. All these things considered, I'm willing to enter.
Entry: 1.31072
Stop: 1.30132
Target: 1.32559 = R:RR 1.58

Good luck! Updates will follow.
Trade active
Trade closed: stop reached
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