GBPUSD Turning Bullish, Bat Pattern Fails, Alt Bat Forms
1. GBPUSD is turning bullish on monthly time frame which can lead to 2 possibilities:
1. GBPUSD is turning bullish on monthly time frame which can lead to 2 possibilities:
- Bat pattern that has been formed but not completed yet (0.886 XA not touched yet) gets completed and then we get a bearish move
- OR as 200SMA is just above, we get a bullish move in coming 2 weeks to complete ALT bat pattern at 2.618 Fib extension of AB which coincides with 200SMA nicely. Then it starts to retrace a bit to form a bearish candle.
הערה:
as expected, the price is getting pulled towards 200SMA
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