Art_of_Trading

GBPUSD: Bat Pattern Completed

Short
FX:GBPUSD   British Pound / U.S. Dollar
The Bat pattern is almost completed on H4 GBPUSD chart. This will create the opportunity for harmonic pattern traders to go short with the nice risk/reward ratio. However, there is a strong buying momentum. The more conservative approach will be to wait for this momentum and volatility to be stopped and then enter.
T1 - 38.2%
T2 - 61.8%
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