TheForexSamurai

LONG setup here on the GA with Bias and potential ext. TP.

Long
TheForexSamurai Updated   
FX:GBPAUD   British Pound / Australian Dollar
6
Hi guys we completed already 2 potential LONG patterns which is the Bull cypher by which TP 1 is already attained and one which it the Bull shark pattern - 88.60% and soon to complete bull shark pattern - 113%. We also got a bias that soon we could go for a bear cypher or shark as long price market wont break and close below our first red line (cypher pattern POV). If it does our potential soon to form bearish Cypher pattern will be invalidated so as for the bear Shark pattern.

Entry would be around the zone or could wait for confirmation to go LONG. Stops would be below those red line or a good and fair 1:1 RR (entry:TP1=entry:SL).

We could manage and take profits as usual on the 38.20% and 61.80% of the highest swing down the the pattern completion (reversal).

ENJOY!
Comment:
Take note that we attain TP 1 and near to TP 2 already. Wanna move our SL to BE for a risk free trade.
Comment:
Take note that LONG targets are now close. Looking to go SHORT here on this pair. Aggressive can enter now, while conservative can wait for further confirmation. Stops would be above the X point structure of the Bear Pattern.
Trade closed: stop reached:
Stops have been taken if you have taken the bear setup.

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