short GBP/USD by bat pattern and then buy it

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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!

Comment:

USdollar seem to move up and test the neckline

Comment:

Trade active