GBPUSD potential Bat Pattern
Updated
Hello Traders,
We have a potential BAT pattern If price can reach 1.4094. Today CPI Inflation figures came out less than expected at 0.3% which has helped pushed price down close to our level of entry.
This area has confluence of support and trend line support.
There seems to signs of indecision in this area too.
If we can continue to put in higher lows this pair can be considered to be in an uptrend.
Target 1: 1.4354
Target 2: 1.4510
Beware of holding this trade over the coming weeks due to the EU referendum.
Please follow, like, share and comment
We have a potential BAT pattern If price can reach 1.4094. Today CPI Inflation figures came out less than expected at 0.3% which has helped pushed price down close to our level of entry.
This area has confluence of support and trend line support.
There seems to signs of indecision in this area too.
If we can continue to put in higher lows this pair can be considered to be in an uptrend.
Target 1: 1.4354
Target 2: 1.4510
Beware of holding this trade over the coming weeks due to the EU referendum.
Please follow, like, share and comment
Note
A successful trade with over 400 pips. Follow us for more !Trade closed: target reached
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