AdamHong
Short

GBPUSD:Will the Bearish Bat Pattern Work?

FX:GBPUSD   British Pound / U.S. Dollar
62 0 4
The bearish Bat pattern will complete at 1.263 level and the 1.618EXT of AB is at 1.264 level.
So it is good to sell short at 1.263-1.265 levels when price action gives signals in the PRZ.
SL:above 1.267
TP1:1.254
TP2:1.246 and further more
Trade active
Trade closed: stop reached
Trade active: Sell at 1.265 again because of the bearish engulfing candle.
snapshot
Trade closed: stop reached: Some profits were taken at 1.257 and stop reached next.
少则得,多则惑。
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