Not the most fun analysis... But I think the R:R is worth sharin
Two back-to-back advanced pattern trading opportunity on GBPUSD 4hr. Great R:R on the bigger pattern (a little more than 2:1 to T1) and at least a 1:1 to first target for the smaller pattern.
If the smaller pattern completes first, the bigger one will still be valid after T1 and T2 have been achieved (unless price violates "X"). However, if the bigger pattern completes first, this will invalidate the smaller pattern.
If the smaller pattern completes first, the bigger one will still be valid after T1 and T2 have been achieved (unless price violates "X"). However, if the bigger pattern completes first, this will invalidate the smaller pattern.
Commentaire:
The smaller bullish pattern is now invalidated... Waiting for price to reach bigger bear pattern completion