Potential Reversal Zone
A bat pattern may complete at the rate of 112.78. A cypher pattern completes at the rate 112.44. These two patterns may form a PRZ of 34 pips. Obviously, the bat pattern gives a better risk-to-reward ratio.
Setup
Entry: 112.78
Stoploss: 113.56 (78 pips)
Target 1: 111.63 (1:1.47)
Target 2: 110.92 (1:2.38)
Target 3: 109.43 (1:4.29)
Caution
If the stoploss is too big, downsize you positions!
A bat pattern may complete at the rate of 112.78. A cypher pattern completes at the rate 112.44. These two patterns may form a PRZ of 34 pips. Obviously, the bat pattern gives a better risk-to-reward ratio.
Setup
Entry: 112.78
Stoploss: 113.56 (78 pips)
Target 1: 111.63 (1:1.47)
Target 2: 110.92 (1:2.38)
Target 3: 109.43 (1:4.29)
Caution
If the stoploss is too big, downsize you positions!
Trade active
Trade closed: stop reached
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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.
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.