GBPUSD. Bearish Bat pattern meaning end of a correction
Updated
GBPUSD pair is probably forming a bearish Bat pattern with three legs already completed. I expect a beginning of a new leg up which would mean the last leg of a bullish correction before further decline for the Pound.
Will open a long position at the nearest dip, setting a Stop-Loss order at 1.19 and Take-Profit order at 1.3350
P.S. Notice a curious candle on a Weekly chart before the market opening =)
Will open a long position at the nearest dip, setting a Stop-Loss order at 1.19 and Take-Profit order at 1.3350
P.S. Notice a curious candle on a Weekly chart before the market opening =)
Comment
Looks like we begina week completing the bearish Cypher first Trade active
And here we go! From now moving on, GBP is a "buy-the-dip" story
Comment
Remember: buy the dip!Comment
Three months trade doing well for nowComment
Since January 2017 , unfortunately I´ve achieved to stack only 3 positions: 2 at 1.20 and another on March at 1.22. I closed the most recent position at 1.30, keeping now 2 longs from 1.20. If I see Cable below 1.25 for me that would mean and end of a correction and new impulse down with targets below 1:1.
Comment
Getting ready to add longs around 1.257
Trade closed: target reached
Almost there but I don´t really mind closing the position here
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
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