KVE

GBP/CHF: From a bat into a Gartley...?

Panjang
FX:GBPCHF   Paun British / Franc Swiss
3
See the chart, if this pair continues down then we could be close to completion of a possible bat pattern.
Reversal at that point could form the start of a CD leg of a possible gartley pattern (allthough still very premature!).

Some "magnetism" could also come from 1 of the 2 "down" trendlines.

4 possible long trades are on the chart, I am considering taking 50-60% at TP1 and 30-40% at TP2, possibly leaving the remaining part open for TP3 and TP4. SL should be safely below X of the bat and well below 1.4600.
Penafian

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