GBP.USD - Short Opportunity at 1.2541

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On the GBP.USD 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.

The price reversal zone on this pair is between 1.2541 & 1.2556
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 C to D move.
There is also an opportunity to look for extended targets at around 1.2440
Stop loss would be placed above X leg structure resistance.

Target 1 - 1.2494
Target 2 - 1.2465
Anmerkung
Snapshot
Anmerkung
4hr trendline that is currently holding resistance on the 1hr TF

Snapshot
Order storniert
No pending order set as the pattern is now invalid.
Anmerkung
New bearish pattern setup.

GBP.USD - BEARISH CYPHER SETUP - 1.2474
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