Description
⋅ 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.