EURUSD created a large consolidation base and has broken to the upside above 1.15. Prices have retraced back to upper base support before the spike up and now presents a potentially good long opportunity for uptrend continuation. Bat pattern completed @ 1.1125 thus initiating long with stops @ 1.0980.
Good luck
Comments
trader515
⋅
if bat pattern is completed why stop loss at 1.0980?
Jadedtrader
⋅
Thats because stop loss has to be below X @ 1.1015. And I am using 1.10 psyc barrier as additional protection