Going Long On The EURUSD關於FX:EURUSD由JoMarshall提供

forex long buy bullish batpattern

This is a trade that i will be keeping a close eye on, i will be looking for the market to come down to 1.0800-1.0820 before taking a long position. We have a risk to reward ratio of almost 2:1 and we have a 382. retracement falling on a major support structure and usually when we have a 382 retracement the ABCD pattern comes to mind and 1 to 1 harmonic move of this pattern will terminate exactly where the bat pattern completes, that area happens to also be a major resistant level. So in terms of structure, this is as good as it gets.

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Structure: How to make money in the forex market (must watch)

Going Long On The EURUSD

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