Potential bat pattern is close to being completed on 1 hr chart. D point completion is not exactly at resistance level, but it's close to it. We have perfect 88.6 and 161.8 ratio confluence at D point completion. Stop loss placed about 12 pips above the next resistance level. RSI is also approaching the overbought level.
Note: This is NOT an exactly structure based trade, but it's around that level.
To see the next resistance level, follow the link below:
This is such a ridiculous trade to take. You risk/reward is horrible. You are risking 55 pips to gain 70!? That is idiotic. My trades have never been less then 1:3 or even 1:4 risk/reward profile, reconsider what you are doing because this is horrific. Good luck :)
moneymaking
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Thank you for commenting!!
moneymaking
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We still got our 1st target hit. Now it's a risk free trade. This might have happened just by chance. It still ended up being in our favor :)