GBPUSD: Daily Bearish Bat, 4Hr Potential 2618

Jul 2, 2017

Hey Traders! On my radar for this week is a potential 2618 opportunity on the GBPUSD. The fact that it's hard to differentiate this opportunity from a double top or a trend continuation trade leads me to take a more conservative approach when looking for shorts.

If you're a higher timeframe trader, an expansion from this level will also push you towards the "D" completion point of a bigger bearish Bat formation.

For a more detailed video walkthrough of this trade and the bigger one make sure you check out this week's youtube video

Akil