EUR.USD - Bullish Bat Setup + TP & SL
Updated
On the EUR.USD Monthly chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between .9077 & .8218
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.4500
Stop loss would be placed below X leg structure support .
Target 1 - 1.1737
Target 2 - 1.3374
The price reversal zone on this pair is between .9077 & .8218
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.4500
Stop loss would be placed below X leg structure support .
Target 1 - 1.1737
Target 2 - 1.3374
Note
Please note:Although we don't trade the monthly chart, we have to be aware of its overall direction, which is one factor many neglect in their trading plan.
Note
Note
Note
Daily Pattern outlook.
Note
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.