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.
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 AdjustmentSLE: 1.2156(+2)
TP1: 1.2118(+40)
TP2: 1.2080(+78)
Trade closed: target reached
Target1 Achieved +40pips
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discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
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