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KashMarkets
Jun 14, 2016 10:06 AM

GBPUSD potential Bat Pattern Long

British Pound/U.S. DollarFXCM

Description

Hello Traders,
We have a potential BAT pattern If price can reach 1.4094. Today CPI Inflation figures came out less than expected at 0.3% which has helped pushed price down close to our level of entry.
This area has confluence of support and trend line support.
There seems to signs of indecision in this area too.
If we can continue to put in higher lows this pair can be considered to be in an uptrend.
Target 1: 1.4354
Target 2: 1.4510

Beware of holding this trade over the coming weeks due to the EU referendum.
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A successful trade with over 400 pips. Follow us for more !

Trade closed: target reached

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