GBPUSD CLOSED FOR 177 PIPS PROFIT ON 2nd HALF POSITION
I elected to close my 2nd half position on GBPUSD for 177 pips profit, as it challenged the 61.8 retrace of AD, approached oversold on 4H and was oversold on lower TFs. It also ran into the completion of a potential bull bat, bouncing off the X for this last potential pattern. So, all flat now on this pair now.
GBPUSD T1 HIT FOR 64 PIPS PROFITS, 2nd HALF POSITION STOP ROLLS TO BREAK EVEN
GBPUSD has now managed to complete three profitable harmonic patterns consequetively, bear bat, bull alternate bat and bear gartley. The last bear gartley has attained T1 for 64 pips profits and stop on 2nd half is now at breakeven.
GBPUSD 200 PIPS PROFIT ON 2nd HALF POSITION, NOW SHORT BEAR GARTLEY, AB=CD
2nd half position on GBPUSD closed for 200 pips profit as it ran into the completion of a bear gartley, approaching overbought on 4H and diverging on lower TFs, virtually equivalent AB=CD. Now short this pair 15666, T1 15600, 38.2 of CD. Will be nice if current 4H candle ends as a shooting star.
GBPUSD REVISED T1 HIT FOR 65 PIPS PROFIT, 2nd HALF POSITION TO BREAK EVEN
GBPUSD breached X on this bull bat before rallying from just above the 113 extension of XA. T1 revised to 15517, 38.2 retrace of AD. Revised T1 now hit for 65 pips profit, 2nd half of position moved to break even. One to one risk reward for stop, just below the 113 ext, kept this trade alive by about 6 pips.
GBPUSD BULL BAT HARMONIC PATTERN FORMING
GBPUSD is potentially forming a bull bat, as it approaches over sold on 4H and is OS on lower TFs. Lower channel line is has now been breached as the current 4h power bar unfolds. Some structural support left around the 88.6 PRZ.
