GBPUSD Bullish Bat and Pitchfork Setup

GBPUSD is retesting the LP for the 3rd time now. This doesn't mean we couldn't see a wash and rinse. For now my bias holds we will see either a move up off the LP or a wash and rinse lower to break the previous two lows before a spring up -- those are two common plays in these current conditions. 5:1 R/R potential on this trade.

-Always use a stop
-Trade only with money you can afford to lose
-Be open to multiple scenarios
-It's okay to be wrong about anything

Kommentera:

Excellent confirmation -- market reversed off the LP seamlessly. Targeting 1.282 and 1.30