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12-19-2011, 23:24 #1Administrator
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FOREX - HARMONIC PATTERNS GBPUSD DAILY CHART
New Harmonic Pattern on GBPUSD formed today, alerting us to a potential long trade, stops set near 1.5750.
This is not advice on what positions to enter or exit, all information is for educational purposes only.
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12-20-2011, 02:19 #2Pippier Than Thou!
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Re: FOREX - HARMONIC PATTERNS GBPUSD DAILY CHART
Do i see a second bullish bat before this that failed?
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12-20-2011, 03:22 #3Administrator
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Re: FOREX - HARMONIC PATTERNS GBPUSD DAILY CHART
The bullish patterns are never as trusty as the bearish harmonic patterns, I don't know why that is exactly.
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12-20-2011, 16:16 #4Administrator
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Re: FOREX - HARMONIC PATTERNS GBPUSD DAILY CHART
Exit +154 Pips. Usually I don't like the Bullish patterns but this time it panned out pretty well. Nice little per-christmas gift for myself.
Please trade at your own risk, information is for educational purposes only.
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12-21-2011, 19:57 #5Administrator
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Re: FOREX - HARMONIC PATTERNS GBPUSD DAILY CHART
Even though I exited a little early, 150 pips, price actually hit its target based on the bullish pattern earlier today.
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