GBPUSD Harmonic Bat Pattern Analysis and Strategy

9 thg 2, 2019

The pair is forming a bat pattern and we are trading the 4th leg. Breaking the yellow trend line gives our trade idea confirmation to go long with take profit on the blue resistance zone. We would then initiate a short as the next part of the strategy. We are looking for confirmation of the break on the one hour chart with a retest (Resistance becoming support). GBPUSD