The bat pattern will complete at 0.775 lecel and the 1.618EXT of AB is at 0.777 level.
In addtion,the AB=CD pattern finishes at 0.774 level.
Meanwhile the previous structure also locates at this zone.
So it may be good to short at 0.774-0.777 levels when bearish candles appear.
SL:above 0.778
TP1:0.769
TP2:0.766 and further more
In addtion,the AB=CD pattern finishes at 0.774 level.
Meanwhile the previous structure also locates at this zone.
So it may be good to short at 0.774-0.777 levels when bearish candles appear.
SL:above 0.778
TP1:0.769
TP2:0.766 and further more
Trade active
Comment:
The price slumps as expected.