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TheLaboratory
Jan 21, 2021 1:50 PM

Bearish bat confirmed by a bearish divergence Short

Australian Dollar/U.S. DollarFXCM

Description

Reached point D of bearish bat and price is stagnating at the psychological lvl : 0.777 (bulls must take profit in this area and bears should attack)

price must form a correction before rising again.

trade order pending (two-step verification before entering the trade as a maximum security), im waiting few minutes before taking the decision of shorting

harmonic patterns works fine during range like this one

i'd say that this trade have a winning rate of 85% since its confirmed by the divergence

Comment

I dont like to rush in the trade, so i'm waiting a bit

Comment

trade active

sl above point D , tp's on chart

Trade closed: target reached

tp reached , i took all by mistake instead of taking some profit.

i'll wait for a tiny pullback to think about reentering short

Trade active

just reshorted with a 25 pips SL (more or less at the last lower high)
Comments
Nehemiah23
had the same thing but didn’t hit the 88.6 stop right the 78.6 but I still validated it
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