GBPUSD: A good lesson on harmonics pattern invalidation.
GBPUSD formed very good bullish BAT + bullish Butterfly pattern on 26 Sep 2016.
26 Sep daily candle closed above the critical price levels. A long should enter after that.
this pair did move up afterwards.
However, there was extreme price action on 3 Oct 2016. it was a gap down below the whole PRZ and closed as a very bearish candle even below point X. Stop loss should have been triggered and we should call for a invalidation for the patterns and cease longing this pair until further patterns form.
GBPUSD formed very good bullish BAT + bullish Butterfly pattern on 26 Sep 2016.
26 Sep daily candle closed above the critical price levels. A long should enter after that.
this pair did move up afterwards.
However, there was extreme price action on 3 Oct 2016. it was a gap down below the whole PRZ and closed as a very bearish candle even below point X. Stop loss should have been triggered and we should call for a invalidation for the patterns and cease longing this pair until further patterns form.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.