GBPUSD 15M - Potential Bat Pattern Short @ 1.4001 Short

British Pound/U.S. DollarFXCM

Description

⋅ Feb 24, 2016 3:16 PM

Hi all,

Looking at a potential bat pattern short on GBPUSD 15M @ 1.4001, a nice psychological number if it gets up there.

Stops above X
Target 1 @ 1.3955
Target 2 @ 1.3926

Targets to be adjusted should the pattern complete.

Trade closed: target reached

⋅ Feb 28, 2016 11:33 AM

This one came close to stops but eventually hit adjusted T1 for +21 pips then on to adjusted T2 for +60 pips.