coffeteaorme

GBPUSD ABCD Pattern? Target A?

FX:GBPUSD   Pound Sterling/U.S. Dollar
692 4 40
Combining ideas for better entry
dropppinggg
+1 Reply
I see a bullish bat pattern.
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I would agree. I am placing my target at 1.2991 and my stop at 1.2905. If the pair gaps up I will likely wait to see if they close the window before entering my trade.
Assuming I reach my target I will be looking for a retracement to the 38.20% fib level and then deciding on whether or not to enter another long trade.
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coffeteaorme michael6malone
Looking good!
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