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ASAD_G47

GBPJPY - LONG Trade Call -1h - AB=CD Harmonic Pattern

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
ASAD_G47 Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns Contains image
8
2
trendanalysis harmonicpatterns chartpattern containsimage
On 1h , AB=CD pattern has been drawn. Since there is no RSI divergence as well, therefore, Bullish Trend is likely to continue till reaching Potential Reversal Zone. Be watchful there for any reversal.
My trade values are depicted on chart. Keeping Risk/Reward ratio to 1 and 2 respectively for two trades.
Comment:
TP1 reached. Therefore, first trade has been closed at profit.
Now moving up my second trade's Stop Loss to my Entry price so that if the trend reverses prior to reaching TP2, overall I still end up in profit against these two trades.
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