TomHall
Long

GBP.USD - Bullish Bat Setup - 1.4108

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
On the GBP.USD 4h chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.

The price reversal zone on this pair is between 1.4108 & 1.4019
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 1.4658
Stop loss would be placed below X leg structure support .

Target 1 - 1.4360
Target 2 - 1.4511

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Nice set up.
+1 Reply
TomHall TOP johan.larsson
Thanks very much.
Reply
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