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Fxprotrader
Aug 6, 2016 8:46 AM

GBPAUD Bullish Bat Pattern Completion At Median Line  Long

British Pound/Australian DollarFXCM

Description

Price has completed a bullish bat pattern and has already bounced from the completion level. For those who don't want to trade it because of it's big stoploss (over 120pips) you may wait for a buy setup to complete at the D point and go long for a tremendous risk reward ratio if you decide to aim for the classic 0.382 and 0.618 fib levels of the AD range.

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Comments
FatmirDemaku
I lost every single trade u put
Fxprotrader
Every trade? Do you choose among the trades i post or you go with all of them.? I mean most of them are winners and with very good risk/reward ratio.
fxfxfx
fxfxfx
I like this setup, although I am expecting to SHORT this pair in the long term. Your TP level could be my entry point for selling.
mustard
Classic.

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