After recent break of structure resistance pair has formed bullish bat with its completion point sitting right at broken previous structure resistance now support.
ATR based stops below initial starting point of pattern ( X )
1st profit target goes couple of pips below patterns middle point ( C ) also happening to be 50% fib retracement of bat.
ATR based stops below initial starting point of pattern ( X )
1st profit target goes couple of pips below patterns middle point ( C ) also happening to be 50% fib retracement of bat.
Trade closed: target reached