Price is moving in a rising channel, into a corrective structure. In the chart we see that we have a bearish bat pattern completion. Besides there is also a pending bullish gartley with CD still incompleted. A potential move to the down testing the bottom trendline of the channel will complete the gartley, giving also a very nice profit.
I will trade this setup enetring with three positions. Stop loss will be above X point of bat but a little higher to be above the upper trendline. As for profit targets as shown at the chart. If price reaches first target i move stoploss at breakeven at the second and third one.
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I will trade this setup enetring with three positions. Stop loss will be above X point of bat but a little higher to be above the upper trendline. As for profit targets as shown at the chart. If price reaches first target i move stoploss at breakeven at the second and third one.
Like and comment..!
Trade closed: target reached:
First target reached, we move stoploss to breakeven. We are to close to second target.
Trade closed: target reached:
2nd target reached. One more for a 100% success to this one..
Comment:
3rd profit target reached. 100% success to this setup..!
Trade closed: target reached:
3rd profit target reached. 100% success to this setup..!