GBPUSD - Potential Bat Pattern on H4 Chart Short

British Pound/U.S. DollarFXCM

Description

⋅ Mar 20, 2018 6:45 AM

Similar to my previous post on GBPJPY, a potential bearish bat pattern is also completing for GBPUSD on H4 chart as well.

Wait for RSI to reach overbought level.

R:R at 1.4 (TP1) and 2.3 (TP2). Good luck.

Order cancelled

⋅ Mar 22, 2018 12:10 AM

Pattern invalid, weaker USD resulted in price not respecting PRZ.