GBPUSD. Bearish Bat pattern meaning end of a correction

GBPUSD pair is probably forming a bearish Bat pattern with three legs already completed. I expect a beginning of a new leg up which would mean the last leg of a bullish correction before further decline for the Pound.

Will open a long position at the nearest dip, setting a Stop-Loss order at 1.19 and Take-Profit order at 1.3350

P.S. Notice a curious candle on a Weekly chart before the market opening =)

Commento:

Looks like we begina week completing the bearish Cypher first

Trade attivo:

And here we go! From now moving on, GBP is a "buy-the-dip" story

Commento:

Remember: buy the dip!

Commento:

Three months trade doing well for now

Commento:

Since January 2017 , unfortunately I´ve achieved to stack only 3 positions: 2 at 1.20 and another on March at 1.22.

I closed the most recent position at 1.30, keeping now 2 longs from 1.20. If I see Cable below 1.25 for me that would mean and end of a correction and new impulse down with targets below 1:1.

Commento:

Getting ready to add longs around 1.257

Trade chiuso: obiettivo raggiunto:

Almost there but I don´t really mind closing the position here