


Dutch_FX
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since Apr 30, 2014
batpattern
fibonacci
trendanalysis
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Hi everyone, I thought I'd share my idea on the GBPUSD, I am looking for a potential bat pattern that finishes at the 3505 level What i did here was i took my Fibonacci Retracement tool from the X ( impulse leg ) to the A point and I looked for a retracement back into the 50% retracement Once we hit the 50% retracement I took another Fibonacci retracement but...
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After breaking the weekly highs on the 1h time frame, we have been pulling back into previous structure resistance. Giving us is a signal to look for long opportunities. If we can hold this level, we can use price action to search for a good reason to buy this market. This could come in the form any type of technical candle formation, like a doji candle followed...
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