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MikulovicFOREX

GU harmonic bat pattern (abc update)

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
MikulovicFOREX Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Beyond Technical Analysis 3pointextension ABC Forex GBPUSD fibonacci3pointextension fib3point
13
0
trendanalysis harmonicpatterns beyondta 3pointextension abc forex gbpusd fibonacci3pointextension fib3point
The 3 point fibonacci set-up failed and happened to find support at 88.6% AB which is the completion of a harmonic bat pattern.

Here is the 3 point extension set-up:

snapshot


Potential profit targets for harmonic bat patterns:
38%
62%
100%
127-162%

Thank you for reading the analysis and dont forget to like the chart.

God bless
Comment:
The bat pattern has been met with extreme resistance.
This chart suggests that the previous resistance now support should kick in get buyers to step in

snapshot

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GU abc set-up
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