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primalkarma
Aug 18, 2019 6:42 PM

Bullish Bat Pattern on the 4 hr EURUSD Chart Long

Euro Fx/U.S. DollarFXCM

Description

A distinct Bullish Bat pattern with a precise PRZ (see published chart). The ratio alignment is quite precise, especially the 38.2% B point
and extended BC projection. The two numbers of the PRZ defined a tight zone between 1.1053–1.1057 to get long. Specifically, the setup possesses a 2 BC projection at 1.1057, and the 0.886 XA retracement at 1.1053.

Target 1 is at B which is around 1.1162 and target 2 is at C which is at 1.1228.

Let's hope for the best...

Comment

The price is approaching the PRZ at about 1.1055. Get ready to start your trades...

Comment

as and when the price reaches the 1.1057-1.1055-1.1050 range... there will be a consolidation phase. Need to watch the price action in this band closely... will update when I open the long position...

Comment

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