GBP/USD Retracement Forecast BAT pattern formation | LONG Idea
Updated
As shown in the previous Ideas ( check the pictures below ) The GBP/USD after a double top on the Dynamic trendline plus the confluence with the 50% Fibo, ( check the pictures below to understand our previous Winning idea ) it's dropped in direction of the main trend, bearish one. Today we want to give a Hypothetical forecast about the next retracement and who the price will have. A Bullish Alternative Bat pattern formation it's present on the chart, this one finds the Entry point 1.1690 this match our previous Targets Area where we have clues about a possible, and normal, retracement of the market after this long bearish rally. Between The Area of 1.7000 and 1.6500 rounds number, we believe in a pullback by the market. Can the market go over the stop Loss of this pattern for a drop over 1.1538 ?
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✅ INITIAL IDEA :Note
✅ AFTER:Note
✅ FORECAST FOR RETRACEMENT :
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