- Price could break black trendline
- Look for re-test of trendlines (black & blue)
- Observe price action at 70.30
- Immediate entry can be placed at 70.30 or wait on bearish candle stick formation for entry
- NB: Small risk high reward trade
Hey all,
Woke up this morning and noticed a smaller Bat pattern forming on the 4H chart. Although we haven't broke and closed above the B point yet, we have pushed higher - will be waiting for the candle close. Still have my orders placed on this as we could spike up and get filled.
Looking at a nice Risk Reward and a relatively small stop loss for the 4H chart....