British Pound / U.S. Dollar
Updated

GBPUSD Long and Short Positions

614
As expected, a rally has come and the price has broken to the upside to test 200SMA on weekly timeframe.
However it is not done yet. It needs to go to 1.13 Fib Extension for Alt Bat Pattern to complete. Hence we can buy a dip for a small Long position.
Our original analysis to short at the completion of ALT Bat Pattern is still intact.
Trade active
Short entry active what a precision entry it is
Trade closed: target reached
Long target reached
Trade closed: target reached
Short target 1 reached: snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.