Looking forward to long the GBPUSD since the last move downside. We can see in that the ranging of markets after been measure with fibo ratios the moves give perfect Cypher and Bat pattern formation, bothe manage the same take profit level, 0.382 and 0.618 from the last big move.
Look buying from the bottom, 0.886 maybe your best option
Look buying from the bottom, 0.886 maybe your best option
Note
Cypher and Bat pattern get invalid with the last move to the downside. Last move CD leg extended to the 1.13 of same fibo retracement from impulse leg of the pattern, making this a potential alternative bat patternNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.