GBPUSD Here we got a potential Bat pattern in trading range low

GBPUSD have been in a sideways channel for a little while now, price is bouncing round the range low right now, and we just got an very early stage to a Bat formation, so if price retraces back to the range support we got a good entry with a very good R:R and a protective stop on the other side of the support.

So if we get stopped out on this one we know we broke out of the range and we are defenetly wrong and want to be out of this trade! Remember we want to see an overbought RSI. And we only got one target on this one as price is looking to be going downwards on the lower timeframe so lets see.

Kind Regards
Thomas Jeff