This is my personal road map for EU in the coming months which I publish just to see in hindsight if I was right.
I'll be using this road map to trade on lower Time Frames for as long as it remains valid.
GBPUSD has an M15 bullish bat potential with D-Leg finishing at ~1.2986-1.2985. This is in line with higher Time Frame direction. S/R level at 1.297. If Bears want to shape out something like a H&S prior to breaking this support, target of this trade would land somewhere around 1.3125.Buy Limit opened as per screenshot. Will be cancelled if price goes above...
After the big sell-off on the 25th, we saw a regrouping of the bulls at the 0.7 level, pushing price back up.
The first resistance the bulls met was at the 38% with some big momentum, so going through it initially..
The second resistance was at the 50% retracement with 3 consecutive touches but no breaks.
Now price is testing the 61.8% since Friday 27th with...