On the GBP.USD Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 1.2062 & 1.1986 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also an opportunity to look for extended targets at 1.2550 Stop loss would be placed below X leg structure support.
Two months old plot, very accurate and still active:
Premium_Tendies
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@Simon_says, You keep posting this as a comment on all Sterling related pairs. March is here but Sterling remains above 1.2
Simon_says
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@zader33, Of course I do, because I was right :P Let's wait and see what will happen next.
Simon_says
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@zader33, "The Prime Minister will reportedly begin Brexit on March 9, ensuring the UK will be free of Brussels control by April 2019". Wait a few days more!!!