TomHall

GBP/USD - Bat pattern - D leg completion at 1.574

FX:GBPUSD   British Pound/U.S. Dollar
GBP/USD - 240 Chart - Bat Pattern

GBP/USD             last week gave us +240 pips at the completion of a previous Bat Pattern ( Blue Pattern)

Here now on the 240m chart of GBP/USD             we have another nice Bat Pattern setup ( Pink Pattern )

We are on the 4h chart so this is some time yet from completing, however it is more beneficial to be 1 step ahead at all times.

We must see a completion at D leg ( 1.574 ) before any short entry is triggered.

- SL must go above X
- Target 1 at 38.2% retracement
- Target 2 at 61.8% retracement

Good luck.
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raheeljaved
a year ago
Great work! I was bent on my wave count for wave 5, waiting for a short! I guess, the harmonics are more fruitful.
+1 Reply
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