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Jun 8, 2018 11:39 AM

GBP/USD Corrective Bearish Bat Pattern & Projected AB=CD Pattern 

British Pound/U.S. DollarFXCM

Description

Two patterns for GBP/USD, corrective bearish Bat and a
projected bullish AB=CD pattern.

Trade 1 short (RvR ratio 2.17)
Entry: Close below 10SMA or at market
S/L 1.3448
T/P: 1.3337

Trade 2 long (RvR ratio 5.4)
Entry: Close above 1.3337
S/L: 1.3300
T/P 1: 1.3473
T/P 2: 1.3556
As always, scale out your profits and adjust your stop/loss
to suit your personal risk management profile.

(Had to keep description brief, off to an exam)

Happy trading
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