dlbsanborn

GBPUSD Bat Pattern completed

Long
dlbsanborn Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Just had a bat pattern complete around 1.2446 area. It's still valid in my eyes but can't rule out more downward pressure due to the recent large bear candle. I just went long at 1.24162 at the retest of previous daily resistance which may act as support. I typically don't trade patterns with the "standard" rule set, but for those that like specific rules, general targets are given with a stop below the "X" point. Trade safe.
Trade closed: target reached:
If you took the setup Target 1 hit. I'm currently sitting at +115 pips from entry with stops rolled into profit.
Trade closed: target reached:
Both targets were easily reached. I'm still in and trailing stops.
Trade closed manually:
I ended up closing this trade for 157 pips
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.