Bat pattern has completed on Friday with RSI almost at overbought level.
Not much movement on Friday, probably due to weekend, thus giving us a chance to short this pattern on Monday.
R:R at 1 (TP1) and 1.9 (TP2).
R:R for this pattern is not as attractive, so do consider if you are prepared to hold till TP2 for more profits.
Not much movement on Friday, probably due to weekend, thus giving us a chance to short this pattern on Monday.
R:R at 1 (TP1) and 1.9 (TP2).
R:R for this pattern is not as attractive, so do consider if you are prepared to hold till TP2 for more profits.
Trade closed: target reached
TP1 hit.Note
Shift second position's SL to 1.48817 (recent high) and enjoy a risk-free trade.Trade closed: target reached
Second position closed at 1.48817
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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.