Short opportunity on GBP\USD Bearish BAT formation

Short

British Pound / U.S. Dollar (OANDA:GBPUSD)

Updated

OANDA:GBPUSD British Pound / U.S. Dollar

Harmonic Patterns Bearish Bat

harmonicpatterns bearishbat

GBPUSD

Possibly a good bearish bat has formed on this pair, if this is the case we can expect a strong rally. I have place my stop loss well above X, as you should bare in mind previous mid-term high around 1.36 area. I set my targets at 1.3320 and 1.3099

Comment:

Unfortunately I have no clue how to post a picture and update idea here, but here what have I done.
I have added to my regular trading volume at 1.3585 and set stop loss at 1.3625, slightly adjusted bat pattern, got new ratios and as a consequence my targets also slightly changed. Now target one is at 1.3336 and target two at 1.3180

Trade active

Trade closed: stop reached

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