ironcondor
Long

GBPUSD 15M Long | Bearish Engulfing & Bullish Checkmate Patterns

FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Candle Pattern: Bullish Checkmate
Trend: Up
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 20
Fib Entry: 38.2%
Fib TP: 76.4%
Stochastic: midrange
Inside EMA/SMA zone: just above
BB: midpoint

Notes:

engulfing bear move to the downside. Currently in a bull checkmate just above the EMA/SMA zone.
Might see a nice move to the upper BB bands.
SL placed just under trend and EMA/SMA zone for safety
possible extension to the 1.382 fib level
Comment: TP reached
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