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joelduque

2018Oct30 GBPCHF H4 Bullish Bat

Long
British Pound / Swiss Franc (FX:GBPCHF)  
joelduque  
FX:GBPCHF   British Pound / Swiss Franc
Harmonic Patterns Bat Fibonacci
1
0
harmonicpatterns batpattern fibonacci
GBPCHF has been on a downtrend and completed a bullish bat. A bullish reversal divergence is seen on H4 timeframe. Upon confirmation of the bullish bias, I will go long. Stop loss is just below the X point. The take profit target is set at the 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows:

Trade Setup: Bullish Bat
Price Entry 1.27816
SL 1.27322 | SL pips 49.4
TP1 1.29093 | TP1 pips 127.7
RRR1 2.59
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