GBPUSD Epic Gartley but pay attention to left structure
The long-awaited Bat pattern on GBPUSD has been completed right now.
We're talking about a very deep pattern.
I'll be prudent to enter this trade and I'll wait until a Double Top will be formed.
Let me explain you why: if you look left you'll find a structure that you need to consider when setting the stop loss for the BAT. But with this stop loss the Risk/Reward ration is (less than) 1.
I don't like trading in this scenario.
So I'll be patient and my entry will be higher around the 1.5668
Doing that the risk/reward is about 1.3
Good luck with this trade !!
We're talking about a very deep pattern.
I'll be prudent to enter this trade and I'll wait until a Double Top will be formed.
Let me explain you why: if you look left you'll find a structure that you need to consider when setting the stop loss for the BAT. But with this stop loss the Risk/Reward ration is (less than) 1.
I don't like trading in this scenario.
So I'll be patient and my entry will be higher around the 1.5668
Doing that the risk/reward is about 1.3
Good luck with this trade !!
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