Description
⋅ Looking to long where indicated in the chart. In this scenario I will then watch for a short at the Cypher completion point.
If price closes below the red dashed line I will abandon longs until the completion of the Bullish Bat.
Trade active
⋅ Trade closed: stop reached
⋅ My stop on this long was hit and the bearish Cypher has been invalidated.
I will now be looking for the completion of the bat pattern around 2.55 area to long again.
Comment
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Watching for a chance to enter longComment
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Maybe something like this or a re-test of the D point for now...Comment
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It has the potential to happen...I placed limit order at 2.564 with 35 pips riskComment
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If the price will continue down from here, there is an AB=CD confluence at the D point. I will be waiting down there...Comment
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....and a Gartley (red)!!Comment
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The previous bullish patterns never completed. I am still hopeful and waiting for a pattern to enter. Perhaps this Bullish Bat?Comment
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4 Ways I am looking at to get in this long:
Bullish Butterfly (Completed)
Bullish Bat
Larger Bullish Bat
Re-Test of the Largest Bullish Bat (Main Idea)
I can use a stop loss of red line in this update or the safest stops which are the red line in the main idea