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NickofJupiter
Sep 21, 2016 4:32 AM

GBPUSD Long Analysis & Bullish Bat Pattern Long

British Pound/U.S. DollarFXCM

Description

My viewpoint is long near long-term low structures
We have some fib confluence at an inner trend line
The purple horizontal line also represents the 886 fib level and a bat pattern completion

Looks like time to buy, entered in at the 1.618 level.
Will enter other half of position at bat completion

Trade closed: target reached

Out + 80 pips as I trailed my stop during volatility

Comment

Bought back in at 1.2984 with an entry order. + about 40 pips

Comment

Bat pattern completed. (Purple line )Active

Trade closed manually

Stopped out at 1.3006 for + 70 pips on a trailing of the bat pattern.
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