Hello guys, based on my observation... this is what i found..... based on harmonic pattern ofcourse.
1. Potential of bullish bat pattern which expecting the reversal probability from point D.
2. The expectation probability of price retracement at 1.095
3. The money management based on the rule of this pattern says the risk stop must be at 0.895.
4. However, this pattern can be extended based on the fibo level which is at 0.735... it's the worst case... hopefully not.
Well of course, always follow your own analysis... never trust anybody except for your own analysis.
This is just the study of probability and please trade at your own risk.
All the best traders !! TAYOR & SAYOR (Sauk at your own risk :p)
1. Potential of bullish bat pattern which expecting the reversal probability from point D.
2. The expectation probability of price retracement at 1.095
3. The money management based on the rule of this pattern says the risk stop must be at 0.895.
4. However, this pattern can be extended based on the fibo level which is at 0.735... it's the worst case... hopefully not.
Well of course, always follow your own analysis... never trust anybody except for your own analysis.
This is just the study of probability and please trade at your own risk.
All the best traders !! TAYOR & SAYOR (Sauk at your own risk :p)