The pound have been on a very choppy ride sideways lately, but what means bad conditions for others, means good conditions for harmonic patterns, or fib structures.
So here we got a Bat pattern setup on the GBPUSD we had an Cypher earlier that got invalid, and turned in to this setup where we are going short at 1,43183 at our PRZ level, stops and targets are on the chart. RSI is moving into the oversold area so lets see what the market brings us. Remember if price retraces beyond the A leg, trade is invalid.
Kind Regards
Thomas Jeff
So here we got a Bat pattern setup on the GBPUSD we had an Cypher earlier that got invalid, and turned in to this setup where we are going short at 1,43183 at our PRZ level, stops and targets are on the chart. RSI is moving into the oversold area so lets see what the market brings us. Remember if price retraces beyond the A leg, trade is invalid.
Kind Regards
Thomas Jeff
Commento:
Stopped out, trade closed
