Bullish Bat

The Pound took a deep dive of 420 pips along the CD leg through numerous support levels. Still in a CZ we can expect to retrace back in a bullish move of 250 pips to T1. However, the Daily chart shows Pound weakness and possible trend reversal after a bullish run and consolidation. Careful, if the price does not violate the previous low at X we will see a correction. Be aware of possible consolidation and bearish continuation.