GBP/USD Corrective Bearish Bat Pattern & Projected AB=CD Pattern
Two patterns for GBP/USD, corrective bearish Bat and a
projected bullish AB=CD pattern.
Trade 1 short (RvR ratio 2.17)
Entry: Close below 10SMA or at market
S/L 1.3448
T/P: 1.3337
Trade 2 long (RvR ratio 5.4)
Entry: Close above 1.3337
S/L: 1.3300
T/P 1: 1.3473
T/P 2: 1.3556
As always, scale out your profits and adjust your stop/loss
to suit your personal risk management profile.
(Had to keep description brief, off to an exam)
Happy trading
projected bullish AB=CD pattern.
Trade 1 short (RvR ratio 2.17)
Entry: Close below 10SMA or at market
S/L 1.3448
T/P: 1.3337
Trade 2 long (RvR ratio 5.4)
Entry: Close above 1.3337
S/L: 1.3300
T/P 1: 1.3473
T/P 2: 1.3556
As always, scale out your profits and adjust your stop/loss
to suit your personal risk management profile.
(Had to keep description brief, off to an exam)
Happy trading