EU Bat Pattern great oppurtunity
Looking to get long EU after it completes a Bat pattern around 1.61's
Bat pattern XA into .5 AB into .786 and completes at an .886 of XA
Great risk to reward especially with more additional targets at the .618 presuming we hit our initial target at the .382
Awesome structure at 1.6 even handle to put stops under the X leg
Plan your trade trade your plan!!
Bat pattern XA into .5 AB into .786 and completes at an .886 of XA
Great risk to reward especially with more additional targets at the .618 presuming we hit our initial target at the .382
Awesome structure at 1.6 even handle to put stops under the X leg
Plan your trade trade your plan!!
Note
Going out to the daily chart can also see that the Bat completes right previous resistance level we haven't tested yet adding some great continuation structure with this patternCould also even hold this trade if we get what we're looking for to retest the 1.7500 shelf of resistance for a final test of this overall bullish retracement
previous resistance should become support if this thing has any bullishness left
Trade active
Got in on this trade after massive selloff ended and looks to be going our wayNever got a close below our X point in the pattern adding some additional confirmation of this trade
Note
Better view of where price has found support and is now solidly breaking out to the upside1h Chart
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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.