Bat pattern has completed on Friday with RSI almost at overbought level. Not much movement on Friday, probably due to weekend, thus giving us a chance to short this pattern on Monday.
R:R at 1 (TP1) and 1.9 (TP2). R:R for this pattern is not as attractive, so do consider if you are prepared to hold till TP2 for more profits.
Trade closed: target reached
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TP1 hit.
Comment
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Shift second position's SL to 1.48817 (recent high) and enjoy a risk-free trade.