EURUSD - Bullish Bat finally completed
I've been stationed in Shanghai since last month and will be more active posting in the China version of TV.
EURUSD has been on my radar for the past few weeks.
It finally fully tested the PRZ and we are ready to trade this.
Over the weekend, there was news that Trump and Kim will finally meet in June.
This led to speculations of their improving relationship, leading to the fall in USD in my opinion.
Together with the completion of this bat pattern on the Daily chart of EURUSD.
This will be my rules of engagement to trade EURUSD this week.
Pattern: Bullish Bat
EP: 1.1660-1.1680 (Will long as close to this level or upon close of daily candle, I will be breaking up my trade into 2-3 batches to average out my buy price)
SL: 1.1530
TP1: 1.2
TP2: 1.2210
I recommend to risk not more than 2% of your capital on any single trade.
EURUSD has been on my radar for the past few weeks.
It finally fully tested the PRZ and we are ready to trade this.
Over the weekend, there was news that Trump and Kim will finally meet in June.
This led to speculations of their improving relationship, leading to the fall in USD in my opinion.
Together with the completion of this bat pattern on the Daily chart of EURUSD.
This will be my rules of engagement to trade EURUSD this week.
Pattern: Bullish Bat
EP: 1.1660-1.1680 (Will long as close to this level or upon close of daily candle, I will be breaking up my trade into 2-3 batches to average out my buy price)
SL: 1.1530
TP1: 1.2
TP2: 1.2210
I recommend to risk not more than 2% of your capital on any single trade.
Trade closed: stop reached:
This trade hit my SL. Lost about 130 pips on this.