British Pound / U.S. Dollar
Long
Updated

GBPUSD Long Analysis & Bullish Bat Pattern

131
My viewpoint is long near long-term low structures
We have some fib confluence at an inner trend line
The purple horizontal line also represents the 886 fib level and a bat pattern completion

Looks like time to buy, entered in at the 1.618 level.
Will enter other half of position at bat completion
Trade closed: target reached
Out + 80 pips as I trailed my stop during volatility
Note
Bought back in at 1.2984 with an entry order. + about 40 pips
Note
Bat pattern completed. (Purple line )Active
Trade closed manually
Stopped out at 1.3006 for + 70 pips on a trailing of the bat pattern.

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.