@bat
EURGBP - Potential Bullish Bat - Buy OpportunityIn EURGBP as we can clearly see, price is moving towards our D point.
We are going to be long from D Bullish bat pattern completion point.
Last two patterns hit SL back to back but still we are doing good for the week which had massive winners.
If it suits your Tradeplan..Go ahead n Buy !
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GBPUSD: Bullish Bat Pattern After Inflation ReportHey traders we just had the inflation & interest rate news come out for the GBP pairs and the reaction is sending price action down to a potential advanced pattern completing at 1.5269's. i like to give 15 minutes for news to play itself out and afterwards I'm allowed to continue my trading
Also as a reminder tomorrow is also a big news day as we have the month Non Farms Payroll release, so make sure you refer to your trading plan on how you handle these types of events. Word of advice, if you don't have a plan, you probably shouldn't be trading this...or anything else until you develop one.
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Akil
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GBPJPY Bearish Bat formingA close above the structure high will significantly give us a chance to go long and target to the D1 Supply area . We could see potential reversal around the PRZ level which are the horizontal lines . Sell limits can be placed @187.335 and target to 184.86.
This method is known as the RSI+BAMM method . You could see the initial X point has RSI OS area and for further confirmation we need to hit RSI OS again when the price hits one of the red lines and then look for terminal bar. We need a close below to confirm the bearish move.