Price bounced of the weekly Pivot Point and together with
the Bullish Alt Bat Pattern, price may reach toward the
weekly R1 which is just above point A of the pattern,
also note bullish divergence on the RSI indicator.
Please be aware of volatility as some European countries
have a national holiday today, thus less volume in the market.
This pattern is invalid with a close below 148.861
(1.410 of BC)
Trade long (RvR ratio 2:1)
Entry: Close above 149.263
S/L: 148.891
T/P 1: 149.649
T/P 2: 150.007
As always, scale out your profits and adjust your stop/loss
to suit your personal risk management profile.
Happy trading
the Bullish Alt Bat Pattern, price may reach toward the
weekly R1 which is just above point A of the pattern,
also note bullish divergence on the RSI indicator.
Please be aware of volatility as some European countries
have a national holiday today, thus less volume in the market.
This pattern is invalid with a close below 148.861
(1.410 of BC)
Trade long (RvR ratio 2:1)
Entry: Close above 149.263
S/L: 148.891
T/P 1: 149.649
T/P 2: 150.007
As always, scale out your profits and adjust your stop/loss
to suit your personal risk management profile.
Happy trading
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