Bracketing the GA with 2 ACP with a potential BO trade.
Hi guys. We got 4 potential setups right here. The first 2 setups are trading the BO and the second 2 setups are trading the patterns itself. So either of the one or two will do.
So as of now, market is inside a triangle. A BO of the triangle either up or down you could go and take position and targets would be on a pattern completion.
Bear Gartley Pattern: 1.6309. Stops would be above the X point.
TP1: 1.6240
TP2: 1.6196
Bull Bat Pattern: 1.6143. Stops would be below the X point.
TP1: 1.6196
TP2: 1.6228
We could also have an extended target here on this Bull Bat Pattern.
Take note also of the red line. Each line correspond a POV (point of validity) by which if price break through. It will invalidate a certain setup. This could also be serve as our bias for potential market direction.
Enjoy and Trade wisely.
So as of now, market is inside a triangle. A BO of the triangle either up or down you could go and take position and targets would be on a pattern completion.
Bear Gartley Pattern: 1.6309. Stops would be above the X point.
TP1: 1.6240
TP2: 1.6196
Bull Bat Pattern: 1.6143. Stops would be below the X point.
TP1: 1.6196
TP2: 1.6228
We could also have an extended target here on this Bull Bat Pattern.
Take note also of the red line. Each line correspond a POV (point of validity) by which if price break through. It will invalidate a certain setup. This could also be serve as our bias for potential market direction.
Enjoy and Trade wisely.
Comment:
If you have taken the Bull Bat. TP 1 and TP 2 is already attained. Good Trade!
