It looks like the British Pound is going to tap our entry point for a bearish bat pattern. In this trade I have highlighted my risk/reward ratio for advanced pattern setup's. My trading plan calls for a 70% risk/reward between target #1 and my stop loss. With this rule in mind I have placed my stops above the previous structural pivot point. If your trading plan calls for a different stop placement, there are plenty of ways to still make a trade on this pattern. Good luck!
-David
Become a Native of the Forex Market: www.forexnative.com/
-David
Become a Native of the Forex Market: www.forexnative.com/