Trade Ideas Position: GBPUSD Bat

Updated
A bearish bat setup as a trend trading opportunity on EURUSD. What interest me is the consolidation occurs after pt B and pt C are formed.

This gives a potential bullish flag formation hitting an AB=CD setup.

Sadly the RSI is not on the oversold area, so I have to watch this closely. It will have a great reward:risk, however, I do believe is a torturous wait for it to hit targets or stop.
Trade active
Stops and Target Adjustment
SLE: 1.2156(+2)
TP1: 1.2118(+40)
TP2: 1.2080(+78)
Trade closed: target reached
Target1 Achieved +40pips
AB=CDaskforex100BatBearish BatbreakouttradingBullish FlagconsolidationGBPUSDHarmonic Patternstrendtrading

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
instagram.com/raynlim/
Also on:

Disclaimer