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Paul's Musings
- 26 Aug, 2012
Possible Harmonic Pattern ,Bearish Bat developing on #GBPUSD
We have a Bearish Bat developing on the GBPUSD 4 hour timeframe
Has a bit to do yet to get to its predicted D point , but if it does it could be a good one to take back down to around the 1.57 area.
One to watch for the longer term.
If price breaks 88.6 retracement of XA to the downside before it gets to D then the pattern is invalid.