2018Oct30 GBPCHF H4 Bullish Bat
GBPCHF has been on a downtrend and completed a bullish bat. A bullish reversal divergence is seen on H4 timeframe. Upon confirmation of the bullish bias, I will go long. Stop loss is just below the X point. The take profit target is set at the 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows:
Trade Setup: Bullish Bat
Price Entry 1.27816
SL 1.27322 | SL pips 49.4
TP1 1.29093 | TP1 pips 127.7
RRR1 2.59
Trade Setup: Bullish Bat
Price Entry 1.27816
SL 1.27322 | SL pips 49.4
TP1 1.29093 | TP1 pips 127.7
RRR1 2.59
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.