Two patterns for GBP/USD, corrective bearish Bat and a
projected bullish AB=CD pattern.
Trade 1 short (RvR ratio 2.17)
Entry: Close below 10SMA or at market
S/L 1.3448
T/P: 1.3337
Trade 2 long (RvR ratio 5.4)
Entry: Close above 1.3337
S/L: 1.3300
T/P 1: 1.3473
T/P 2: 1.3556
As always, scale out your profits and adjust your stop/loss
to suit your personal risk management profile.
(Had to keep description brief, off to an exam)
Happy trading
projected bullish AB=CD pattern.
Trade 1 short (RvR ratio 2.17)
Entry: Close below 10SMA or at market
S/L 1.3448
T/P: 1.3337
Trade 2 long (RvR ratio 5.4)
Entry: Close above 1.3337
S/L: 1.3300
T/P 1: 1.3473
T/P 2: 1.3556
As always, scale out your profits and adjust your stop/loss
to suit your personal risk management profile.
(Had to keep description brief, off to an exam)
Happy trading
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.