A possible bat pattern seems to be forming with RSI declining as well.
R:R at 1.08 (TP1) and 1.8 (TP2).
I will update if pattern completes.
R:R at 1.08 (TP1) and 1.8 (TP2).
I will update if pattern completes.
Trade closed: target reached
Hey guys, I re-drew the bat pattern as I felt the X-leg should be lower.Please use the below screenshot for updated reference.
TP and SL has been adjusted, TP1 has hit.
Do close one of your positions and lock in the profits first.
Trade closed: target reached
TP2 hit.
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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.