GBPUSD: 3rd Times The Charm Right?
Tried shorting this pair twice yesterday and failed on both attempts. The first short came at the aggressive structure level that we talked about in Monday's training (which occurs around the B leg of the harmonic move I drew out) and the second attempt came at these very same highs. Unfortunately my stop was about 8 pips too shy and the market got me.
Fast forward a day later and we now have a double top at the harmonic completion level along with a bat pattern (if you were to shoot down to the 15min chart). Third times the charm right.
In a trade like this we can look to either play it as a bat, or simply use the bat pattern as an entry reason for the bigger double top move.
Fast forward a day later and we now have a double top at the harmonic completion level along with a bat pattern (if you were to shoot down to the 15min chart). Third times the charm right.
In a trade like this we can look to either play it as a bat, or simply use the bat pattern as an entry reason for the bigger double top move.
BEAT THE HOUSE - FREE 4-DAY ONLINE TRADING WORKSHOP Full Recordings Available Until 8/31
tieronetrading.com/beat-the-house-2/
"The Trading Coach Podcast" - Available on your favorite podcasting app!
anchor.fm/thetradingcoachpodcast
tieronetrading.com/beat-the-house-2/
"The Trading Coach Podcast" - Available on your favorite podcasting app!
anchor.fm/thetradingcoachpodcast
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.