Market opens tomorrow morning, I'll be waiting for this bat pattern to complete.
I will update if pattern completes.
- RSI might be dropping to oversold level
- Slightly risky short term trade, R:R at 1.1 (TP1) and 1.8 (TP2), remember to adjust lot size according to your risk appetite.
- Pattern spotted on H1 chart, TP in terms of pips is much smaller.
I will update if pattern completes.
Note
Price has hit PRZ at current hour candle.I will wait to see if PRZ is respected before making further decisions.
Trade active
- Next hour candle showed retracement
- RSI showed bullish divergence
Trade closed: target reached
closed at TP1 as this is a counter trend trade.
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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.