AdamReid
Short

Bearish Bat Pattern 240M

FX:GBPUSD   British Pound/U.S. Dollar
Using the If / Then thought process to prepare for the next potential trade set up on the 240m timeframe.
If the double top identified prior to this post struggles to break down lower and instead heads for new structure highs then the next opportunity to get short will be the advanced pattern .
The bearish bat pattern's D completion point is at 1.5590 just shy of the even handle 1.5600 so it's a good place to get filled.
Targets 1 at the 38.2% and target 2 at the 61.8% Fibonacci levels however it could be a good idea to adjust targets to line up with structure.
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