Taking an Aggressive Approach for Extended Targets
After a considerable wait, the bullish bat pattern has finally been completed, indicating a potential buying opportunity for traders.
However, conservative traders may want to wait for the candlestick to close at 1.2463 before entering the trade.
On the other hand, I took a more aggressive approach and entered the trade today, given the presence of two extended targets on the GBPUSD trade.
It will be interesting to see how this trade progresses, and I have placed a safe house at the traditional first target of the Bat Pattern to manage my risk effectively.
However, conservative traders may want to wait for the candlestick to close at 1.2463 before entering the trade.
On the other hand, I took a more aggressive approach and entered the trade today, given the presence of two extended targets on the GBPUSD trade.
It will be interesting to see how this trade progresses, and I have placed a safe house at the traditional first target of the Bat Pattern to manage my risk effectively.
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Live session & Trading Tips on the GO
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