madi052893trading
Long

2618 LONG w/ ext TP for another SHORT opp + BIAS

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
139 0 8
Hi guys we got a 2618 setup for us to go LONG. A conservative way to trade trend reversal/market movement reversal with target points to a pattern completion for us to have another trade opportunity.

2618 Setup: 1.2420 (psychological number). Stops would be below the Double bottom . Obviously if our stops would be hit our potential bearish Bat pattern would also be invalidated. Since the stops would be below the A point of the Bear Bat pattern which is our Double bottom .

TP could be a good 1:1 RR to an extended potential TP point on the Bearish Bat Setup

Bearish Bat Setup: 1.2544
TP 1: 1.2482
TP2: 1.2444
Comment: TP 1 on the 2618 setup with 1:1 and now stops with BE on the 2nd position as we expect that we could see and complete a bear bat. Bear Pattern is now invalid.
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