BAT Pattern GBPUSD (Bullish)

FX:GBPUSD   British Pound / U.S. Dollar
1159 7 16
Looking at this bat pattern completion at 1.4207

Stops would need to go below X

Looking at target 1 at 1.4363
Target 2 at 1.4483

Think still has further downside
I Agree. We have been saying for weeks that we expect 1.3750's to be tested
I try to avoid patterns having gaps within CD leg.
Man, so far today has not been good for my patterns
+1 Reply
I also have a bat on the radar here, but a slightly bigger one with X-leg @ 1.4079's.
Still waiting to see if I will be filled. From what I can remember, that would be too big for your liking and tradingplan, Jason?
Anyway, hoping we all can see some profit on this one. :)
+1 Reply
J_Graystone Kjetil_Johannesen
Yep! I cant take this pattern. Im looking at structure and im expecting a move down to 1.3746s
Had that one on my radar as well. Had to wait for price to push a bit lower as stop was too big at D completion.
Got filled in a few minutes ago. Let's how this one goes :)

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