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Dec 16, 2015 3:50 PM

GBPUSD Bullish Bat completed Long

British Pound/U.S. DollarFXCM

Description

Bearish Gartley (red pattern) was completed and price moved lower like expected. Now Bullish Bat (green pattern) has been completed and it´s time to look opportunity to go long. Risk/reward is OK and there´s a chance that price will move upside and complete bigger bearish Cypher pattern (blue pattern) @1.5370. If price moves to Target 1 the stops should be moved to break-even. Then it´s just a waiting game...

Trade active

Long @ 1.49919

Trade active

Closed half of my position. Made 85 pips:)

Trade closed: stop reached

Stop was reached at break-even level.
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