GBPUSD BAT pattern+ 0.618 pull back
The Bearish Bat Pattern already shows its power
Price make a deep fall from 1.4244 to 1.4066
therefore
we can find a pull back to short GBPUSD 0.20%
the entry zone is 1.4176-1.4224
use multiple entry to creat your position
and SL above 1.4250
TP1: 1.4066
TP2: 1.3800
TP3: 1.3550
A bat pattern has been formed and all indicators point out to a big short. The Bollinger Bands are very tight as well. MACD about to cross on the 2-3 and 4 hour Timeframe.
I'm taking profits at TP1. I'm probably going to dollar cost average this trade from TP1 to TP2 if the charts form my idea. The take profits are just calculations.
You never go broke from taking profits, you do get broke from chasing long pips.
If you have any questions, please feel free to contact me.
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