Fxprotrader

GBPUSD Pending Bullish Bat Pattern

FX:GBPUSD   British Pound / U.S. Dollar
Price has broken a key resistance trendline with a sharp impulsive move and now is in a corrective structure. Retracing a little more will complete a bullish bat pattern.

That 0.886 D point is a very good point to buy. Stoploss and profit targets as shown at the chart. If price reaches the first target we move stoploss to breakeven to the other two positions.

Like and comment if you agree,
John.
Trade closed: stop reached
thanks John i agree with your chart its nice bat pattern and i think the price will make double bottom pattern !!
Reply
Thank you mazen.. Let's see if it completes..!
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