GBPAUD has met my requirements for a BAT Harmonic Pattern.
-There is a chance of 100-300 PIPS that can be made with a 40 PIP Stop Loss.
-There is also divergence lining up on RSI.
-Target 3 is also lining up with the completion of another Harmonic Pattern so I am expecting this swing to turn out nice
As always if you found this idea helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also feel free to share your opinion on this setup, or other setups that you have on your radar for the GBPAUD. The more ideas we can generate the more informative these ideas become for newer traders.
~T$
-There is a chance of 100-300 PIPS that can be made with a 40 PIP Stop Loss.
-There is also divergence lining up on RSI.
-Target 3 is also lining up with the completion of another Harmonic Pattern so I am expecting this swing to turn out nice
As always if you found this idea helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also feel free to share your opinion on this setup, or other setups that you have on your radar for the GBPAUD. The more ideas we can generate the more informative these ideas become for newer traders.
~T$
Trade closed: stop reached:
Price reached the entry zone and started bearish movement into the downside. Then impulsed bullish straight into the Stop Loss. Trade closed -40 PIPS