GBPUSD: Bullish Bat Pattern with strong structure support
The chart shows a Bat pattern completion for a long opportunity. There is a strong support level at 1.546x as the structure support was tested twice previously.
We have more than 1-1 Risk/Reward ratio on first target. You may entry at D-Leg or wait for a full pull back to structure (depends on your rules).
We have more than 1-1 Risk/Reward ratio on first target. You may entry at D-Leg or wait for a full pull back to structure (depends on your rules).