EURUSD - Bullish BATS - DAILY - Potential LONG
Updated
EURUSD - Bullish BATS - DAILY
Looks like a reasonable turning point.
We have already seen the reaction of yesterdays candle of the first pattern, retracing hard off BCD in the PRZ.
RIS BAMM pattern Divergence.
Would like to see another dip below before riding the FULL DAILY pattern, looks for trades on lower TF's
Looks like a reasonable turning point.
We have already seen the reaction of yesterdays candle of the first pattern, retracing hard off BCD in the PRZ.
RIS BAMM pattern Divergence.
Would like to see another dip below before riding the FULL DAILY pattern, looks for trades on lower TF's
Note
Just a quick look today, looks like a reaction only from the 1st pattern The BAT at structure and Butterfly are completing in the same price range for confluence.
The current candle has closed right on the AB=CD of the Butterfly
The XAD is the last value of the PRZ for both patterns to be touched to complete
OPTION 2
If we gap through the PRZ on Monday, 90% chance a continuation downtrend and we sell on the retest of XAD :)
I have a bearish Bias on the Euro right now, so maybe at best we see some reactionary trades?
A few days will tell us.
Trade active
Picked 1/2 parcel at XAD of ButterflyThis is the last PRZ value for both patterns
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