On the GBP.USD Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 1.2062 & 1.1986
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.2550
Stop loss would be placed below X leg structure support.
Target 1 - 1.2310
Target 2 - 1.2455
The price reversal zone on this pair is between 1.2062 & 1.1986
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.2550
Stop loss would be placed below X leg structure support.
Target 1 - 1.2310
Target 2 - 1.2455
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Daily and 4hr chart update.
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Price approaching D leg completion at 1.2062
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