Tight Harmonic Bat GBPUSD Long
On the higher time frame charts, GBP looks like a short. However, I don't see it going down without first taking out all the premature shorts with their Stops behind the pivot at 1.3700. This is a trade idea looking to take a slice of that upside action.
I find it is often prudent to take profits on these Harmonic Gartley style trades around the 78.6% trend based ext level, then buy back in on the 50% retrace level with either all, or a portion of ur original position.
I find it is often prudent to take profits on these Harmonic Gartley style trades around the 78.6% trend based ext level, then buy back in on the 50% retrace level with either all, or a portion of ur original position.
Trade closed manually
Scratched for small profit. The volatility going through UK econs data has made a bit of a mess of the charts and will take a while to sort itself out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.