ForexNative
Short

GBP/USD BEARISH BAT PATTERN. RISK / REWARD EXPLAINED

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
It looks like the British Pound is going to tap our entry point for a bearish bat pattern. In this trade I have highlighted my risk/reward ratio for advanced pattern setup's. My trading plan calls for a 70% risk/reward between target #1 and my stop loss. With this rule in mind I have placed my stops above the previous structural pivot point . If your trading plan calls for a different stop placement, there are plenty of ways to still make a trade on this pattern. Good luck!
-David

Become a Native of the Forex Market: http://www.forexnative.com/
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out