FX:GBPUSD   British Pound / U.S. Dollar
69 3 1
Well it looks like bat to me....If it's a bat, could be a temp buy upto 1.5630
Not a Bat. Bat D point is .886. Not what you have. POTENTIAL Bat, yes. Bat as you have it, no. Not the time to buy yet. Move the D point lower and you'll find the correct D point where you might be able to buy. BTW, I do agree to buy on this pair soon but not yet.
aslamhammad EverythingForex
it was a scalp trade :p....not a big fish trade :p.....Big fish trade will be GBP/NZD ;)
Well, if you managed to scalp a few pips, good for you. But regardless scalp trade, "big fish" trade or giant whale trade, it's not a bat. Only telling you this so you don't think every time you see a pattern like you have drawn, it's a bat when it's not. Even if this one worked for you, keep trading them like this and you'll get burned and it won't be because the pattern didn't work out. It'll be because you drew it wrong. Just trying to save you and your followers some frustration is all. Not bashing you. Like I said, I'm also looking to get long on this pair and that's why I even looked at your post. GL.
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