pipstrading

GBPUSD, potential Bullish BAT, confluence with upward trend line

FX:GBPUSD   British Pound / U.S. Dollar
138 4 1
GBPUSD             , potential Bullish BAT , confluence with upward trend line
i agree with you that it will be rejected by the uptrend line .... great idea
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pipstrading mohamed-eldemerdash
actually, there is bullish cypher pattern at current level. ya, notice this upward trend line. there should be tendency to test it. that is why i think it is more likely to form the bullish BAT at 1.293 level
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In this scenario i think that the pattern will be still valid but will offer a much better risk/reward ratio. hope so ... good luck
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pipstrading mohamed-eldemerdash
thanks for pointing out the R/R ratio comparing these 2 patterns. yes, let's see.
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