marco_casario
Short

GBPUSD Epic Gartley but pay attention to left structure

FX:GBPUSD   British Pound / U.S. Dollar
Bat
174 1 4
The long-awaited Bat pattern on GBPUSD             has been completed right now.
We're talking about a very deep pattern.

I'll be prudent to enter this trade and I'll wait until a Double Top will be formed.
Let me explain you why: if you look left you'll find a structure that you need to consider when setting the stop loss for the BAT. But with this stop loss the Risk/Reward ration is (less than) 1.
I don't like trading in this scenario.

So I'll be patient and my entry will be higher around the 1.5668

Doing that the risk/reward is about 1.3

Good luck with this trade !!
i have same setup
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out