Looking to Short GBPUSD on Bear Bat Pattern
If tomorrow BoE rate decision see a rate hike, it will push gbpusd up to 1.5000. However, my sentiment is that it will not be a long-term bull as Brexit talks is still a concern that that affect UK economy adversely. I looking to short on Bat formation at Fibo R 76.8
Reward to Risk is 10: 1
If price closed above 1.3655, this analysis will be invalid
Reward to Risk is 10: 1
If price closed above 1.3655, this analysis will be invalid
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.