BULLISH BAT PATTERN FINISHED ON 1H GBPUSD

31 mai 2016

A nice Bat finishing on 1H GBPUSD, this trade is a continuation off a previous Cypher and an AB=CD pattern. TP are placed @.382 AD retracement, secondary @ .618. SL placed below X, taking into consideration previous structure lows, look left....This could retest previous support @ 1.4638. RSI oversold favoring a LONG entry.

We´ve done well with this pair hitting T1 on the Cypher, stacking up on the pullback for the Trend Continuation and AB=CD pattern all the way down to this D finish.

31 mai 2016

Note

Trade is active.

1 juin 2016

Note

And it went south....stops hit. Trade closed.