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.
GBPUSD 2nd HALF POSITION TAKEN OUT ON BREAK EVEN
GBPUSD rallied, after hitting taken T1 for the 1st half position, to take out the 2nd half position by 5 pips for break even. It did this with a long doji/shooting star type candle, then moved sideways and eventually dropped into some fib confluence of the ABCD legs. It's now exhibiting some bearish continuation on the 4H RSI.
GBPUSD HITS T1 FOR 55 PIPS PROFIT, 2nd HALF TO BREAK EVEN
GBPUSD has achieved T1, stop on 2nd half position is now moved to breakeven.
