gbpusd, 60, possible bat pattern

FX:GBPUSD   British Pound / U.S. Dollar
343 11 7
Buying @ market ,for completion of Bat pattern.

Trade provides good RR.

Good Luck !
Comment: Trade active @ 1.4245
Comment: stops @ breakeven
Comment: target achieved ...........................banked 95 pips.
where did you read this?
kopparam tmanuelasorina
by experience, what you read on internet or other source is their experience, market is dynamic you have to evolve with it to be successful trade.
ok its clear mister?
kosai19 tmanuelasorina
One thing about the markets is that things are often hidden in plain sight. Any experienced trader has realized this. One conclusion most people make is that the highs and lows are the "real" levels. That's why you can have patterns that fall outside the exact definitions and yet still work. It's often because the highs and lows used are the wrong ones.
kopparam tmanuelasorina
its a minimum requirement ,BC price should not trade below point A. so still its a valid bat pattern.
the retracement fromABl must be between o,382 and o,886and here on this chart your retracement is 0,995.so the bat pattern is imvalidated
this is not a bat pattern
kopparam tmanuelasorina
can you elaborate.
great trade :)
I should add that you can also exit 1/3 at 2.0 RR in order to make the stops break-even without allowing the market to trigger a break-even stop... since very often it returns to do that before reaching targets. It's another way of trading these patterns.
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