has been in this trading zone between the 122's and 124's for quite some time now. The question here is whether it'll break the resistance levels to go higher into the 124's or it'll break below the support levels as shown on the picture. As long as we keep in this zone advanced patterns will keep showing up just like this bullish bat
When this pair drops into the "killzone" i'll be looking for bullish
indications such as a doji
candle or a bullish
spike candle to get long on this. This bullish bat
setup contains two fibonacci based target points and a stop loss below X.
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For now good luck trading everyone!