EURUSD - 15m - Shark and Bat for another potential upwave?
Market may or may not break down at the current level. but if you wanna see another wave up then those 2 pattern can give you a nice entryreason. Entry is at the 886. for both patterns and stop tight below X or 0, since we dont wanna see new structure lows. note that the levels on the charts arent drawn in with care, since its very zoomed out. so make sure to doublecheck
im goin to bring my stops to breakeven at the normal profit levels for those types of patterns (so probably the 38.2) but targetwise im looking for a bigger picture move.
Risk reward is about 20:1 average, so nice potential.
im goin to bring my stops to breakeven at the normal profit levels for those types of patterns (so probably the 38.2) but targetwise im looking for a bigger picture move.
Risk reward is about 20:1 average, so nice potential.
Trade active
Note
38.2 retracement hit, so stops to breakeven. lets hope for a rally from here for a nice start into the week ;)Note
widend my stops abit again based on the cypher pattern on the 5m. Stops are now blow the D completion point of the original pattern, that now is the X point of the cypher pattern.Note
cypher pattern worked out, stops to breakeven again.Trade closed: stop reached
out for breakeven. probably for the best since the market is really on the edge at the moment.
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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.