corganmusic
Short

GBPUSD Bat Pattern, Potential BAMM 4h - Harmonic Pattern

OANDA:GBPUSD   Britisches Pfund / US-Dollar
GBPUSD is in a large uptrend since the beginning of 2017, and those are shown by the diagonal Support and Resistance lines in yellow. We also have a S/R around the ~1.309 point (which works great with D Point).

As you can see, we just broke out of a cup and handle that created the a valid bat pattern with the measurements
A = .382 - .5
B = .382 - .886
C = 1.618 -2.618
X to D = .886

I'm looking to short (BAMM) the pattern from B to D and then BUY the reversal at D point. This is all depending on our candlesticks , and IF it breaks the long Support trend on the bottom. I'm hoping it can go through the Support, but this support has built up all year.

Note: always draw it on your own chart to get exact measurements! Make sure you have confirmation candlestick patterns CLOSED before entering - it may shoot through the D reversal zone!

You're welcome to repost this, just mention @corganmusic! :)
For those looking to learn to trade, message me! Good luck out there!
Make sure you see those confirmation candles that it will break B
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