Formation of new BAT pattern:
Now again on short term 6 hour chart the price action of BAND has formed and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to should be:
Buy between: $0.8835 to $0.8309
Sell between: $1.0088 to $1.1982
The potential reversal zone area that is up to $0.8309 can be used as stop loss in case of complete candle stick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 44% and as per above mentioned stop loss, the loss possibility is 6%.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.