From this point on this Bat pattern is still a long shot but if it completes it has a great Risk/Reward.
Waiting for the price to touch the 88,6% retracement from the X to A leg ( 1.5974 )
When Bat pattern completes put a stoploss at least 20 pips above X, profit targets can be found in the chart.
Profit target 1 at 38,2% retracement from A to D leg.
Profit target 2 at 61.8% retracement from A to D leg.
Always looking for feedback on my analysis, so be sure to comment !
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Waiting for the price to touch the 88,6% retracement from the X to A leg ( 1.5974 )
When Bat pattern completes put a stoploss at least 20 pips above X, profit targets can be found in the chart.
Profit target 1 at 38,2% retracement from A to D leg.
Profit target 2 at 61.8% retracement from A to D leg.
Always looking for feedback on my analysis, so be sure to comment !
Follow me on twitter : twitter.com/PalmTree...ing]PalmTreeTrading/
Follow me on Tradingview : www.tradingview.com/u/PalmTreeTrading/
Followme on Instagram : www.instagram.com/palmtreetrading/
