GBP.USD - Bullish Bat Setup - 1.2371
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
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
Note
I have a number of DM's asking how I look for Bat setups and my rules to identify.Full details below.
Note
A break above 1.2475 will confirm the breakout.Note
Price has now broken above the 1.2475 minor resistance level.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.