I put out a video breaking down this massive potential Bat pattern that is potentially setting up on EURUSD. This Bat pattern will potentially complete at 1.08126.
Minimum stops need to be above X at 1.08734 with potential target 1 at 1.06370 and target 2 at 1.05255. Now the really nice thing about this pattern in particular is where it will potentially complete. Not only does it offer an excellent Reward/Risk ratio, but it also lines up with a major structure zone outlined by the red box on the chart. If you scroll back and look, you will see that this level between 1.08000 and 1.0875 has been tested as support and resistance numerous times.
So whether you are an advanced pattern trader or a technical scoring system trader, this is definitely a setup to keep your eyes on this week.
Here is the link to the video: https://youtu.be/mk8uZA4kIlQ
Good luck and Good trading!
Minimum stops need to be above X at 1.08734 with potential target 1 at 1.06370 and target 2 at 1.05255. Now the really nice thing about this pattern in particular is where it will potentially complete. Not only does it offer an excellent Reward/Risk ratio, but it also lines up with a major structure zone outlined by the red box on the chart. If you scroll back and look, you will see that this level between 1.08000 and 1.0875 has been tested as support and resistance numerous times.
So whether you are an advanced pattern trader or a technical scoring system trader, this is definitely a setup to keep your eyes on this week.
Here is the link to the video: https://youtu.be/mk8uZA4kIlQ
Good luck and Good trading!