Price is crawling towards the entry point of a potential advanced harmonic pattern, or Bearish Bat on GBPUSD, 1H.
We are in an established bearish trend, so I will use the Bat Pattern as an entry reason for hopping on that trend.
Stops above X leg, 1st target will be conventional and 2nd will be extended or retest of A's leg.
Bearish Bat
Entry @ 1,2787
Stop @ 1,2844
Initial Target 1 @ 1,2712
Initial Target 2 @ 1.2600
Good luck!
We are in an established bearish trend, so I will use the Bat Pattern as an entry reason for hopping on that trend.
Stops above X leg, 1st target will be conventional and 2nd will be extended or retest of A's leg.
Bearish Bat
Entry @ 1,2787
Stop @ 1,2844
Initial Target 1 @ 1,2712
Initial Target 2 @ 1.2600
Good luck!
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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.