GBPUSD -Weekly Market Analysis-October 2018, Wk 1

If you have been a subscriber or follower on our youtube channel or trade ideas, you would have known this Harmonic Pattern - Bat Pattern form up way before it touches Pt D, is like 2 weeks ago we have been sharing, we are waiting for this, we are waiting for this.

The overall analysis is still bearish, however, I will not be looking for a shorting opportunity until a retest of the structure has been fulfiled or target 2 being achieved.

Traders who have not engaged the trade, do not chase the trade without a plan.

Trade closed: target reached:

Engaged the trade on retest of the butterfly.

Gained profit from target1 +204pips
target 2 +253pips

Total profits +257pips

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Comment:

total profits +457pips.

Man! my math is bad, told you, trading doesn't require math ;)