harveygoldfx

GBPZAR BULLISH BAT FORMING H4

Short
OANDA:GBPZAR   GBP/ZAR
POINT C may still find extension from the current 70.7 fib level to the max of 0.886. a strong sell would then be expected to point D,you mat expect a structure to form first around the shoulder at c once the high has been set.At point C the structure currently shows a potentially strong head and shoulder pattern. on the H1 we have a possible star pattern forming. if this high is tested but not violated the pattern is valid. a cutting of the market baseline by rsi 21 to the downside is a confirmed entry.

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