2 successful butterfly patterns before for this pair, now a bat pattern has completed.
Terminal bar was formed with price closing in PRZ and RSI at overbought level.
The next 4hour candle was bearish, with RSI divergence shown.
It is a good time to short now.
R:R at 1.2 (TP1) and 2.1 (TP2).
Terminal bar was formed with price closing in PRZ and RSI at overbought level.
The next 4hour candle was bearish, with RSI divergence shown.
It is a good time to short now.
R:R at 1.2 (TP1) and 2.1 (TP2).
Trade closed manually
seems to be a bull flag instead, cutting loss on this one.
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Related publications
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.