GBPUSD - One final sell-off before Bat pattern completes
Hey traders, just prepping myself before the webinar starts tonight.
I see a nice bat pattern completing on GBPUSD.
This pattern aligns with the GBPAUD I shared over the weekends.
Pattern Identification
Bat pattern to buy at 1.2050 - 1.2070.
Very tight confluence at this zone, DO NOT use a pending order.
Trade Execution
Will wait for a pinbar, candlestick reversal at PRZ before entry.
If price bashes straight beyond the PRZ, this pattern will no be invalidated.
PRZ stands for potential reversal zone, we always have to watch this zone for signs that it wants to reverse before we execute our trades.
I see a nice bat pattern completing on GBPUSD.
This pattern aligns with the GBPAUD I shared over the weekends.
Pattern Identification
Bat pattern to buy at 1.2050 - 1.2070.
Very tight confluence at this zone, DO NOT use a pending order.
Trade Execution
Will wait for a pinbar, candlestick reversal at PRZ before entry.
If price bashes straight beyond the PRZ, this pattern will no be invalidated.
PRZ stands for potential reversal zone, we always have to watch this zone for signs that it wants to reverse before we execute our trades.
