4H BAT
Hello,
We have a possible Bat. The ratios are good. And it is approaching a resistance point.
Looking at the Daily chart, it is inside a Wedge. So to me it is a good possibility that it comes
into this area. Stops are placed just above the X point. And depending on fast it moves, our second target is just under
the trend line. If it happens to break X, oh well. We have protective stops and we start again.
Enter at 121.600
Stop at 122.100
Target 1 is better then 2:1 and bouncing off structure (B point ).
Good luck.
We have a possible Bat. The ratios are good. And it is approaching a resistance point.
Looking at the Daily chart, it is inside a Wedge. So to me it is a good possibility that it comes
into this area. Stops are placed just above the X point. And depending on fast it moves, our second target is just under
the trend line. If it happens to break X, oh well. We have protective stops and we start again.
Enter at 121.600
Stop at 122.100
Target 1 is better then 2:1 and bouncing off structure (B point ).
Good luck.
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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.