GBP long idea
Check the price action at 1.2350. Point C must be higher than Point A. So we can stop loss just a little below point A. I will set at 1.2250~1.2200. Bestly open this trade on January Because next week is Christmas, Merry Christmas to all of you.
Forex Market Analysis – GBPUSD Bullish Bat Pattern and 0.618RET
The bullish Bat pattern completed at 1.235 level and the 1.618EXT of AB is at 1.241. The 0.618RET of previous rally is at 1.234 level. Meanwhile the previous structure also works at this zone. So it may be good to buy long at 1.235-1.240 levels when price action gives signals at the PRZ. SL:below 1.230 TP1:1.247 TP2:1.256 and further more
In Other View Point – Two areas to short, 200 pips of scoot is coming
I like to keep these trade ideas simple, here are the areas of entry, where I want to take profit. If you want to know mow about how I came to this conclusion, leave a comment below. I’m looking for two areas to short GBPUSD: ENTRY: sell retracement at 1.2530-70 area OR sell break of low at 1.2365 STOPS: if the lower entry gets filled, my stops will be above 1.2500, if upper gets filled, stops above 1.2750 TARGET: 1.2200/1.2165