From this point on this Bat pattern is still a long shot but if it completes it has a great Risk/Reward.
Waiting for the price to touch the 88,6% retracement from the X to A leg ( 1.5974 )
When Bat pattern completes put a stoploss at least 20 pips above X, profit targets can be found in the chart.
Profit target 1 at 38,2% retracement from A to D leg.
Profit target 2 at 61.8% retracement from A to D leg.
Always looking for feedback on my analysis, so be sure to comment !
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Waiting for the price to touch the 88,6% retracement from the X to A leg ( 1.5974 )
When Bat pattern completes put a stoploss at least 20 pips above X, profit targets can be found in the chart.
Profit target 1 at 38,2% retracement from A to D leg.
Profit target 2 at 61.8% retracement from A to D leg.
Always looking for feedback on my analysis, so be sure to comment !
Follow me on twitter : twitter.com/PalmTreeTrading]PalmTreeTrading/
Follow me on Tradingview : tradingview.com/u/PalmTreeTrading/
Followme on Instagram : instagram.com/palmtreetrading/
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Related publications
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.