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GBPAUD Bullish Bat And Long Opportunity Update: Target Reached

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GBPAUD Bullish Bat And Long Opportunity

Published: 08-16-2018

Pair / Instrument:GBPAUD

Time Frame: H1

The trend in the Timeframe: BEARISH

The trend in the Daily Chart: BULLISH

Description:  GBPAUD completed a Bullish Bat Harmonic Pattern at 1.74600. Possible Bullish Retracement. Positive UK data may trigger the Bullish Move.

Trade Based On: Bullish Bat 

Accuracy: %90

Trade:LONG

Entry: 1.74700

Stop Loss:1.74000

Take Profit:1.75170

Update: Target Reached 47 Pips. Traders who want to continue the trade may close 50% of the positions and move Stop Loss to entry.  We have a Inverse Head And Shoulders Pattern on M30 Chart. Targets of the formation is 1.75750. Sub Target: 1.75400

 

 

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

 

GBPAUD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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