Bracketing the GBPUSD with Short and Long opportunity
Hi guys we have a short and a long opportunity here in the GBPUSD.
For the bears. Could enter aggressively and stops above the A point of the bullish Bat pattern or could wait for a confirmation to go short. A breakout of the lower TL could also be a great confirmation to go SHORT. Targets could be base on patterns TP on the 38.20% and 61.80% with extended TP on a completion of Bullish Bat Pattern around 1.2848 and another opportunity to go for BUY/LONG.
For the bulls. Could enter buy aggressively once pattern is completed. Stops would be below the pattern's X point or you could wait for further price action/confirmation to enter for a BUY/LONG position.
Trade with care and enjoy!
For the bears. Could enter aggressively and stops above the A point of the bullish Bat pattern or could wait for a confirmation to go short. A breakout of the lower TL could also be a great confirmation to go SHORT. Targets could be base on patterns TP on the 38.20% and 61.80% with extended TP on a completion of Bullish Bat Pattern around 1.2848 and another opportunity to go for BUY/LONG.
For the bulls. Could enter buy aggressively once pattern is completed. Stops would be below the pattern's X point or you could wait for further price action/confirmation to enter for a BUY/LONG position.
Trade with care and enjoy!
Trade closed: target reached:
Short TP reach as we are expecting for a 2618 trade setup for a conservative trading reversal as there could be already change of market trend from uptrending to downtrending. Another chart setup for it will be posted.
Comment:
TP 1 and TP 2 is taken on the bull setup. Going short on the 2618 Setup.
Trade closed: target reached:
TP 1 and TP 2 on the bull setup is taken if you have taken the bullish Setup. Now going short with the 2618 setup.
