TomHall

GBP/USD - BAT PATTERN - D LEG COMPLETION AT 1.564

FX:GBPUSD   British Pound / U.S. Dollar
GBP/USD - 4h Chart - Bat Pattern


Here on the 120m chart of GBP/USD             we have another nice Bat Pattern setup.

We must see a completion at D leg ( 1.564 ) before any short entry is triggered.

- SL must go above X
- Target 1 at 38.2% retracement
- Target 2 at 61.8% retracement

Good luck.
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Trade Update:

Taking off half of the position prior to news our stops got taken out at -93 pips.
After reviewing the trade, we still think it was a great pattern and opportunity to trade with a number of confluence to back it up.

Onto the next trade.
+1 Reply
Hahaha jip got stopped out at 94 pips so was not too bad. Very good trade just a very bad market at the moment hehehe joking. Good one but lets go and find greener pastures
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