GBP.USD - BULLISH BAT SETUP - 1.2394
On the GBP.USD 15min 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 1.2394 & 1.2380
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 1.2491
Stop loss would be placed below X leg structure support.
Target 1 - 1.2440
Target 2 - 1.2469
The price reversal zone on this pair is between 1.2394 & 1.2380
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 1.2491
Stop loss would be placed below X leg structure support.
Target 1 - 1.2440
Target 2 - 1.2469
Comment:
A potential short opportunity at 1.2492
Trade closed manually