Mikoxl.
Long

EURGBP long with an alternative bat for bigger correction

FX:EURGBP   Euro Fx/British Pound
I use the harmonic alternative bat in conjunction with channel as my entry technique to go long. With this entry I'm taking an agressive CD leg of the AB=CD pattern .

Also, RSI is showing sold out conditions at the 4H. The Daily chart is showing a tap to the midline of the Bollingerband and a RSI stalling at the 50.

My stops will go below 0.7213. Still the risk to reward ratio is more than 1:4.
timwest PRO
a year ago
Is there a "trigger" or a condition you need to see that turns this trade "on" from sitting on the sidelines? I could use a little more understanding. Thanks.
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Mikoxl. PRO timwest
a year ago
If the current candlestick (4H) closes as a doji after 3 consecutive bearish candlesticks, I would consider this trade as triggered for an aggressive playing style. Ah I'm too late with the reply..
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Mikoxl. PRO Mikoxl.
a year ago
But my original trigger was hitting the 0.72508. Because I've entered with an alternative bat setup with a alternative D point at 0.72508.
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Mikoxl. PRO
a year ago
Well, a bullish engulfing would another trigger as well to enter this trade
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Mikoxl. PRO Mikoxl.
a year ago
Well Tim, there is another "trigger" to go long: RSI bullish divergence with an exhaustion gap. This kind of signal gives me more confidence to go long.
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