RaynLim

Trade Ideas Position: GBPUSD Bat

Long
FX:GBPUSD   British Pound / U.S. Dollar
A bearish bat setup as a trend trading opportunity on EURUSD . What interest me is the consolidation occurs after pt B and pt C are formed.

This gives a potential bullish flag formation hitting an AB=CD setup.

Sadly the RSI is not on the oversold area, so I have to watch this closely. It will have a great reward:risk, however, I do believe is a torturous wait for it to hit targets or stop.
Trade active: Stops and Target Adjustment
SLE: 1.2156(+2)
TP1: 1.2118(+40)
TP2: 1.2080(+78)
Trade closed: target reached: Target1 Achieved +40pips
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