A bullish bat pattern might be completing soon, hopefully in less than a week as we are looking at the daily chart.
PRZ is very close to the bottom of the ED channel, giving more potential to long EURUSD.
Good risk : reward for TP1 @ 2.17 and TP2 @ 3.63
I will still wait for pattern to complete although RSI is already at oversold level.
I will update if pattern completes.
PRZ is very close to the bottom of the ED channel, giving more potential to long EURUSD.
Good risk : reward for TP1 @ 2.17 and TP2 @ 3.63
I will still wait for pattern to complete although RSI is already at oversold level.
I will update if pattern completes.
Note
Daily price has hit the bottom of my ED channel and i went back up a little.I'm waiting for price to retrace back to PRZ and RSI to show some bullish divergence before taking a long position.
Trade active
Hi guys, price is retracing back to PRZ.I will take a long position now using market execution.
Note
Shifted stop loss to breakeven at 1.0646Trade closed: stop reached
Trade closed at breakeven. No luck on this one.
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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.