GBPUSD - Bearish Bat - Daily
Updated
Hi Guys,
Here we have a valid Bearish Bat on the GBPUSD Daily. 'D' point has completed but I will be waiting for extra confirmation with a possible small move up before a reversal. 'D' point is also touching and respecting a two year downtrend.
Excellent 1:2 Risk to Reward.
Let me know of any thoughts or questions.
Thank You!
Victoria
Here we have a valid Bearish Bat on the GBPUSD Daily. 'D' point has completed but I will be waiting for extra confirmation with a possible small move up before a reversal. 'D' point is also touching and respecting a two year downtrend.
Excellent 1:2 Risk to Reward.
Let me know of any thoughts or questions.
Thank You!
Victoria
Note
tradingview.com/chart/d2z8IPBA/You can see price is now at a key junction:
At the top of a descending channel
At the top of a sideways channel
At the top of an ascending channel
This is all adding more confluence to the trade I will be watching at market open before taking my position.
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