GBP/USD bearish Bat short trade
There is a bearish bat playing out on GBP/USD, indicating downside potential down to $1.21981. The stop-loss is placed above the pattern completion zone, in case the trend reverses at the 0.236 Fib extension we're at now. Profit-taking level is at the C leg of the harmonic, for a total risk/reward ratio of 2.9.
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