Bullish Bat Waiting to happen...Entry Point for next buyers
Updated
Expecting a Bullish bat to complete.
Can't find valid cases for entry other than the bat pattern. (Though zone of entry is along the areas of past structure =S as well as resistance= R; but sometimes moves have been somewhat below and above i.e breaking/defying those S & R)
My Point of entry is 2.618 to create a better RR ratio. ( instead of .886 & 1.1618 confluence)
Pervious Flag Bullish pattern entry was missed by me, so trying/justify to BUY with a valid point of entry=VPE. (Rather than just buying even though the market if/may/could be bullish = Entry price has to be justified)
**Finally above notes are for myself so I can see my thought process when I entered the trade.**
Can't find valid cases for entry other than the bat pattern. (Though zone of entry is along the areas of past structure =S as well as resistance= R; but sometimes moves have been somewhat below and above i.e breaking/defying those S & R)
My Point of entry is 2.618 to create a better RR ratio. ( instead of .886 & 1.1618 confluence)
Pervious Flag Bullish pattern entry was missed by me, so trying/justify to BUY with a valid point of entry=VPE. (Rather than just buying even though the market if/may/could be bullish = Entry price has to be justified)
**Finally above notes are for myself so I can see my thought process when I entered the trade.**
Trade active
Market has moved. Need to re-adjust all Fibsi.e. B2C
Trade active
Actual Feed from broker is different.Thats why need to draw the Bat pattern based on own broker's feed which will be different from Tradingview.
Note
BC based on brokers feed: B=1753.86 & C=1693.76
TP 1 (0.382) = 1716.72
TP 2 (0.618) = 1730.90
Note
Correction of the above (I am getting old) CD based on brokers feed:
C= 1753.86 & D = 1693.76
TP 1 (0.382) = 1716.72
TP 2 (0.618) = 1730.90
Entry & TP targets must account for SPREAD (PIPS) so that we dont miss the opportunity,
Order cancelled
TP1 & TP2 reached on my broker.Made msiatke with entry point on TV.
Order cancelled
My Point of entry is 2.618 to create a better RR ratio. ( instead of .886 & 1.1618 confluence)Which is why I coould not enter trade on TV
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