GBP.USD - Bullish Bat Setup - 1.2371

15 ก.พ. 2017

On the GBP.USD 1hr 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 1.2371 & 1.2346
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 an opportunity to look for extended targets at 1.2550
Stop loss would be placed below X leg structure support .

Target 1 - 1.2453
Target 2 - 1.2502

15 ก.พ. 2017

บันทึก

I have a number of DM's asking how I look for Bat setups and my rules to identify.
Full details below.

15 ก.พ. 2017

บันทึก

A break above 1.2475 will confirm the breakout.

16 ก.พ. 2017

บันทึก

Price has now broken above the 1.2475 minor resistance level.