GBPUSD Long and Short Positions

As expected, a rally has come and the price has broken to the upside to test 200SMA on weekly timeframe.
However it is not done yet. It needs to go to 1.13 Fib Extension for Alt Bat Pattern to complete. Hence we can buy a dip for a small Long position.
Our original analysis to short at the completion of ALT Bat Pattern is still intact.

Trade ist aktiv:

Short entry active what a precision entry it is

Trade geschlossen: Ziel wurde erreicht:

Long target reached

Trade geschlossen: Ziel wurde erreicht:

Short target 1 reached: