GhostFXC

Bullish Bat + Bearish Bat (The Sterling)

FX:GBPUSD   British Pound / U.S. Dollar
It's not often that we end up seeing more than one harmonic become prevalent on our charts, but when they do, the amount of opportunities you have are absolutely amazing.

If these patterns confirm, we have the possibility to capitalize on roughly 837 pips over the next week or so. Definitely something you may want to add to your portfolio. So, what makes me think that the smaller Bearish Bat will complete at the 88.6? Well lets look at patterns. There is an obvious W that broke the median leg, and shot straight up. The upside target is 1.56388, then we have a 257 pip target to the downside at 1.53810 at our TP Target 2 @ 61.8 which will create a ripple effect and help the Bullish Bat we have listed complete itself. The D completion leg at 1.56388 to the downside will confirm point C. Point D of the Bullish Bat will complete at the 88.6 level of the XA Anchor @ 1.47022 for a massive 580 pip target at the 61.8 to the upside.

Am I going to take these opportunities? Absolutely yes!
Am I afraid I'll get stopped out? No, just use proper risk management and you should be fine.

If you'd like any more information on these harmonics or how I chart these out, add me on Facebook: http://facebook.com/christopher.payton.2
I barely check my PM's on trading view now a days. Take care guys!
Hey, mate. I'm trading bats consistently for along time. they are very effective if you know the tips. See my thoughts about bats.


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