- Bat pattern has completed with price closing inside PRZ, also known as the terminal bar.
- RSI very close to oversold level.
- Good R:R at 2.4 (TP1) and 3.9 (TP2).
- Price alerts on PRZ again to keep myself notified.
- When market opens on Monday, I will be monitoring the next few candles before I enter.
However, it was slightly late when I saw the chart.
Traders may choose to enter long now at 118.84 as it not too far off PRZ.
Traders may choose to wait for price to get back to PRZ.
Do manage your lot size.
- XA retracement @ 0.886 (118.770)
- BC extension @ 2.618 (118.754)
- 1.414 AB=CD (118.686)
Did you have any idea?