BE PREPARED AT MARKET OPEN: GBPUSD WITH POTENTIAL BEARISH BAT!Hello Traders,
doing my weekend market analysis before market open I've found a nice potential bearish bat pattern on the 4h chart which perfectly lines up with the 1.618% Fibonacci inversion.
Stops and Targets as shown.
-Have a great last trading week before christmas. Felix
Inversion
A completed example of how the Fib inversion workesA couple days ago I presented a potential fib inversion trade that we never made entry on. Here is an example on a lower time frame. We took this trade yesterday in the Syndicate. This is not a trade "idea" so to speak but rather an illustration of that the trade should look like.