GBP.USD - Short Opportunity at 1.2541

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On the GBP.USD 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.

The price reversal zone on this pair is between 1.2541 & 1.2556
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.2440
Stop loss would be placed above X leg structure resistance.

Target 1 - 1.2494
Target 2 - 1.2465
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ảnh chụp nhanh
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4hr trendline that is currently holding resistance on the 1hr TF

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No pending order set as the pattern is now invalid.
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New bearish pattern setup.

GBP.USD - BEARISH CYPHER SETUP - 1.2474
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