2018Jun01 GBPCHF H4 Possible Bearish Bat

There is a possible bearish bat for GBPCHF. Upon D completion at 1.32871 (88.6 of XA) and confirmation of the bearish bias, I will go short. Stop loss is just above point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows:

Trade Setup: Possible Bearish Bat
Price Entry 1.32871
SL 1.33224 | SL pips 35.3
TP1 1.31971 | TP1 pips 90.0
TP2 1.31416 | TP2 pips 145.5
TP3 1.30516 | TP3 opips 235.5
RRR1 2.55 | RRR2 4.12 | RRR3 6.67

Order avbruten:

This setup is invalidated as D completion did not occur.