QUICK TRADE: EURUSD: POTENTIAL Bullish Bat (Possible +90 pips)

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Ok, while prices are stalling. here's a quick trade to consider to maybe bag a few pips. According to my wave count, we are in the wave (4) of the wave v. Prices are just going back and forth typical of consolidation waves. There is a POTENTIAL bullish bat here and if filled would represent the end of the wave (4) and wave (5) should begin and go up to the completion of the POTENTIAL Bearish crab I mentioned in the previous post (see Related Ideas: "QUICK ANALYSIS: EURUSD: The Direction Is Clear Now. Going UP!"). Then will look for a larger move back down.

But for now, this quick trade could yield 90+ pips while risking only 30 pips. So 3:1 R;R. Remember this is on a 15M chart so moves can happen fast and it is not to be a long term trade. Also, this is a STRONG uptrend we are in so at anytime, that trend could continue. So I will actively monitor this trade if taken and set solid stop losses.

Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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2 years ago
thank you
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