Roker1
Short

Bat Pattern near D point!

FX:GBPUSD   British Pound / U.S. Dollar
Hey guys,
here you can see a Bat Pattern that's ready to complete on 4hr chart. Its completion point comes right at a key level of daily structure that could push prices lower. RSI is near to overbought condition and a psychological level lies right there. You can either choose to take the bat pattern at the D point or wait for price to come to the yellow box and then wait for an additional confirmation to sell.
I'm taking the Bat, with stops above X, and targets as usual.

If you have questions or ideas, feel free to write below.
Otherwise, see you in the next chart!
Trade active
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw

Comments

Fingers crossed for this. I've been waiting for this reversal.
+1 Reply
Roker1 bluem00n
@bluem00n, hope so!
Reply
Is the dark green the second TP? if so, which is more likely and the one I should choose? thanks in advance, good spot! :)
+1 Reply
Roker1 ScottCripps
@ScottCripps, i trade advanced patterns with two positions, from my backtesting results this way is the best
Reply
Thanks Roker1 , on my list . You analyse made me more confident Please keep update your ASAP .Thanks
+1 Reply
Roker1 jayaruba3010
@jayaruba3010, thanks! Just entered!
Reply
@Roker1, it seems this Bat hasn't got enough downside energy lol
Reply
Roker1 Pokemon_King
@Pokemon_King, it doesn't need to happen in 1 hour, keep calm!
Reply
Great find Rocker1, I'll be keeping an eye on it myself too!
+1 Reply
Roker1 FIBSII
@FIBSII, great!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out