Bullish bat pattern 1h
As you can see a big bullish bat pattern is lining up for GBPUSD.
My entry will be in the grey zone (1.40934-1.40625)
In this zone the bat would complete + with have a 1,618 extension of the AB-leg there.
Stops are going to be below the X-point (1.4066) We also have an even number here so watch out. You´ll probably want to play safe an put your stop 15 pips below the initial X.
My first target is going to be 1.43300
Second target at 1.46600
Hope this will help you out!
Have a good trading week;)
My entry will be in the grey zone (1.40934-1.40625)
In this zone the bat would complete + with have a 1,618 extension of the AB-leg there.
Stops are going to be below the X-point (1.4066) We also have an even number here so watch out. You´ll probably want to play safe an put your stop 15 pips below the initial X.
My first target is going to be 1.43300
Second target at 1.46600
Hope this will help you out!
Have a good trading week;)
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