Hey, traders. Last week I posted this Bat pattern trade. As you see the bat has a double top form by A and C points. This means that a violation of B-point (the lowest point between these highs) gives us a trend reversal sign. In this case I don't look for an uptrend continuation but reverse my whole view of the market 180 degrees. Now I'm looking to short gbpusd as soon as priceaction hits 0,618 of the whole downward move. This point coinsides exactly with my bat pattern target. So, I am to sell one unit to close my long position and then immediately sell another unit to initiate my short trade. Stop loss is above A and target is at the lowest close of the NSL. Check the related idea link to see how the bat trade uncovered itself. Press like if you find the information useful. Subscribe to get my analisys beforehand. Check other related ideas links to see how these setups work
