glennmercer
Long

GBPUSD Wave-X Complete with Bat: Ready to Rally

FX:GBPUSD   British Pound / U.S. Dollar
Hey traders! Looks like the minor degree Wave-X is complete on GBPUSD . In addition to the wave count, a bullish bat is complete and has shown some pin support. I want to buy here with a tight stop below the root of potential wave-1. If SL is hit, this is not the first wave of the rally and I don't want to be in the trade any longer. Otherwise, we have huge profit targets above including missed pivots and weekend gap level. Happy trading!
Trade active: This one is live, my SL is 8 pips:
Trade closed: target reached: T1 Hit! We need a recount on the X terminus. More updates to come. Cheers
Trade closed: stop reached: To Clarify, Stop was reached after hitting T1 Cheers

Comments

Check this, now there's a crab.

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glennmercer purpurato59
Nice one, thanks for the chart
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Did you mean stop loss reached?
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glennmercer StanLeee
Stan, thanks for the heads-up. T1 was achieved, but SL was then hit yes. Thanks.
+1 Reply
StanLeee glennmercer
Correct!
Reply
no target reached. however I got RR of 1:1 since i moved stop to break Even and shortly after to 21pips
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glennmercer PrecisionFXtrading
Great NRB, nice
Reply
First TP1 target hit, Sl moved to BE.
Reply
trade active
Reply
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