TomHall
Short

GBP/USD - Bearish Cypher & Bat Pattern

FX:GBPUSD   British Pound/U.S. Dollar
On the GBP/USD             4h chart we have two potential short opportunity's at the D leg completion of a Cypher Pattern and a Bat Pattern .

Dark Blue Cypher Pattern D leg completion - 1.52417
Light Blue Bat Pattern D leg completion - 1.52847

The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for Cypher and Bat patterns placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.

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Learn To Trade The Bat Pattern .
How To Trade The Bat Pattern.
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OsamaAbouzeid
a year ago
I am still long
GBPUSD _ Three drives pattern completion
+1 Reply
TomHall TOP OsamaAbouzeid
a year ago
Nice setup mate.
News is out in a little while so we will have to see how price reacts.
Reply
TomHall TOP
a year ago
Target 1 & Target 2 attained.
Reply
johan.verm
a year ago
Great!
Reply
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