GBPUSD 15M Long | Bearish Engulfing & Bullish Checkmate Patterns
Candle Pattern: Bullish Checkmate
Trend: Up
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 20
Fib Entry: 38.2%
Fib TP: 76.4%
Stochastic: midrange
Inside EMA/SMA zone: just above
BB: midpoint
Notes:
engulfing bear move to the downside. Currently in a bull checkmate just above the EMA/SMA zone.
Might see a nice move to the upper BB bands.
SL placed just under trend and EMA/SMA zone for safety
possible extension to the 1.382 fib level
Trend: Up
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 20
Fib Entry: 38.2%
Fib TP: 76.4%
Stochastic: midrange
Inside EMA/SMA zone: just above
BB: midpoint
Notes:
engulfing bear move to the downside. Currently in a bull checkmate just above the EMA/SMA zone.
Might see a nice move to the upper BB bands.
SL placed just under trend and EMA/SMA zone for safety
possible extension to the 1.382 fib level
Note
TP reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.