I personally think that the previous Bat got violated, cause the pair was pushing for 1.1500 (psychological level). it arrived overbough at that level @1.14938 as a high, than retreced quickly to a 0.50 fibo level, and next week it will push high again. we could put a nice 2top on the 4H chart, or it will stop @1.14758 for the BC leg of the new bat the me and you are tracking now.
if it push higher breaking the 1.15 level, we could se an AB=CD pattern ending right on the potencial area of the big bat pattern on the left.
anyway a good trade could be a buy entry on monday morning @1.1347 with SL under the 0.50 retrecement with profit @1.1475 at BC leg complition. giving a 1:5 risk/reward ratio
if it push higher breaking the 1.15 level, we could se an AB=CD pattern ending right on the potencial area of the big bat pattern on the left.
anyway a good trade could be a buy entry on monday morning @1.1347 with SL under the 0.50 retrecement with profit @1.1475 at BC leg complition. giving a 1:5 risk/reward ratio
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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.