GBP/USD Retracement Forecast BAT pattern formation | LONG Idea

As shown in the previous Ideas ( check the pictures below ) The GBP/USD after a double top on the Dynamic trendline plus the confluence with the 50% Fibo, ( check the pictures below to understand our previous Winning idea ) it's dropped in direction of the main trend, bearish one. Today we want to give a Hypothetical forecast about the next retracement and who the price will have. A Bullish Alternative Bat pattern formation it's present on the chart, this one finds the Entry point 1.1690 this match our previous Targets Area where we have clues about a possible, and normal, retracement of the market after this long bearish rally. Between The Area of 1.7000 and 1.6500 rounds number, we believe in a pullback by the market. Can the market go over the stop Loss of this pattern for a drop over 1.1538 ?

تم فتح الصفقة:

✅ INITIAL IDEA :

تعليق:

✅ AFTER:

تعليق:

✅ FORECAST FOR RETRACEMENT :