GBPUSD is giving a potential Bearish Bat
Price is crawling towards the entry point of a potential advanced harmonic pattern, or Bearish Bat on GBPUSD, 1H.
We are in an established bearish trend, so I will use the Bat Pattern as an entry reason for hopping on that trend.
Stops above X leg, 1st target will be conventional and 2nd will be extended or retest of A's leg.
Bearish Bat
Entry @ 1,2787
Stop @ 1,2844
Initial Target 1 @ 1,2712
Initial Target 2 @ 1.2600
Good luck!
We are in an established bearish trend, so I will use the Bat Pattern as an entry reason for hopping on that trend.
Stops above X leg, 1st target will be conventional and 2nd will be extended or retest of A's leg.
Bearish Bat
Entry @ 1,2787
Stop @ 1,2844
Initial Target 1 @ 1,2712
Initial Target 2 @ 1.2600
Good luck!