This pair has been giving me mixed results recently with a winning short (the green BAT), a losing long (the red GARTLEY) and a missed trade (the Blue BAT, price came 1 pip from my order to then reverse and hit both of my potential targets).
After getting stopped out on the bullish Gartley this morning, I'm reloading and getting ready to re-enter on the long side with the orange BAT.
Because price being in a bull trend, I should be taking extended target on this pattern (T1: retest of NSH close price). However, because price has been consolidating since putting that NSH, and because NSH zone has been retested multiple times (see the red arrows), I'm not expecting a retest anymore and will look to take conventional targets on this BAT.
After getting stopped out on the bullish Gartley this morning, I'm reloading and getting ready to re-enter on the long side with the orange BAT.
Because price being in a bull trend, I should be taking extended target on this pattern (T1: retest of NSH close price). However, because price has been consolidating since putting that NSH, and because NSH zone has been retested multiple times (see the red arrows), I'm not expecting a retest anymore and will look to take conventional targets on this BAT.
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T1 hit +33 pips
Stopped rolled at BE.
Stopped rolled at BE.