pinoso

PRZ as Bat pattern on GBPUSD

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hello again!

Yesterday we got a really nice entry point for a big sell on gbpusd. It already ended and the market went deeper as expected. We now have a bullish bat pattern. I personally think that the price may go to TP2. The 2 green lines are the potential TP for the bat pattern. This is going to be a kind of really long trade as I'm expecting the price to dance a bit around the area that it is at this moment. Best entry point in my opinion is 1.20000, I got the chance to entry at that price.

If you're not into harmonic trading, you can also use this information to look for long positions for the next week or even short term. I link to the previous ideas of the gbpusd.

Good luck in the markets and I wish you a nice weekend!
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