Cut n Handle / Harmonic / Structure GN short seup

5 thg 11, 2015

WIth GBP news coming out tomorrow lets see how this setup plays out.

Good RR 2:1
Nice structure
Bat Pattern Completion
Cup n Handle Possibility
Looking for possible Retracement to structure before continuation of move up.

5 thg 11, 2015

Giao dịch được đóng thủ công

I had expected the news to help this move, but did not anticipate it would be over so quick.

Now that 50% of the move up has been retraced, it may consolidate a bit before resuming the overall bullish trend. And it is in this region until the 62% retracement of move up, we would look for setups to go long.

5 thg 11, 2015

Ghi chú

For the harmonica / advanced pattern traders. This is the BAT that i am looking at, The second targets would be the ideal entry point for long term longs (if PA reaches that level)