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RaynLim

GBPUSD-Weekly Market Analysis-Aug21,Wk4

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
RaynLim  
FX:GBPUSD   British Pound / U.S. Dollar
Harmonic Patterns Bat Supply and Demand askforex100 GBPUSD Bullish Bat countertrend Demand Zone Candlestick analysis
5
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harmonicpatterns batpattern supplyanddemand askforex100 gbpusd bullishbat countertrend demandzone candlestickanalysis
The bullish bat pattern form within the demand zone on the daily chart. This setup is good enough for me t engage the counter-trend trade.

However, I must highlight that the B point of this bat pattern didn't hit 50% Fibonacci Retracement and may not be a Bat Pattern to some Harmonic Pattern Traders.

I leave that decision to you.
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