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UnknownUnicorn180388
10. Aug. 2016 07:51

GBP.USD - BULLISH BAT SETUP - 1.2870 Long

British Pound/U.S. DollarFXCM

Beschreibung

On the GBP.USD 240min chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.

The price reversal zone on this pair is between 1.2870 & 1.2800
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 1.3345
Stop loss would be placed below X leg structure support.

Target 1 - 1.3103
Target 2 - 1.3246

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Kommentare
Beebags
Pound's been forming all kinds of harmonic patterns lately :)
UnknownUnicorn180388
Nice setup mate.
It certainly has, confluence is always key :-)
avenezh63
after point D, I am for traget 2
UnknownUnicorn180388
We will see how or if the market hit the D leg
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