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British Pound / U.S. Dollar
Short

short GBP/USD by bat pattern and then buy it

By yitiancai
Updated
I have new idea based on the new trend on GBP. I post my long-term view of GBP in 2018, now it still works. Price reach 7(see in the link), but doesn't move higher now. So I think GBP will move down a little and then you will get a better price to buy it.

*Now bat pattern is in your eyes. B is 50% retracement of XA and D is 88.6% retracement as well as 2 times of BC. Hence potential reversal zone is around 1.3580.


* stop loss:1.3625 target:1.3400


*Also if GBP fall into the target area, you can buy it!
Note
USdollar seem to move up and test the neckline
snapshot
Note
snapshot
Trade active
Chart PatternsGBPUSDHarmonic Patterns
yitiancai
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