Price bounced of the weekly Pivot Point and together with
the Bullish Alt Bat Pattern, price may reach toward the
weekly R1 which is just above point A of the pattern,
also note bullish divergence on the RSI indicator.
Please be aware of volatility as some European countries
have a national holiday today, thus less volume in the market.
This pattern is invalid with a close below 148.861
(1.410 of BC)
Trade long (RvR ratio 2:1)
Entry: Close above 149.263
S/L: 148.891
T/P 1: 149.649
T/P 2: 150.007
As always, scale out your profits and adjust your stop/loss
to suit your personal risk management profile.
Happy trading
the Bullish Alt Bat Pattern, price may reach toward the
weekly R1 which is just above point A of the pattern,
also note bullish divergence on the RSI indicator.
Please be aware of volatility as some European countries
have a national holiday today, thus less volume in the market.
This pattern is invalid with a close below 148.861
(1.410 of BC)
Trade long (RvR ratio 2:1)
Entry: Close above 149.263
S/L: 148.891
T/P 1: 149.649
T/P 2: 150.007
As always, scale out your profits and adjust your stop/loss
to suit your personal risk management profile.
Happy trading
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.
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.