EUR/USD: Is that a 3rd bat forming within the wedge...?
Still very premature but I wanted to share it anyway since we've been seeing these patterns alot lately within the wedge/triangle structure...
The 2 previous bats worked fine: the first one (green in the chart) was a total success and I'm currently still in long from the 2nd one (blue in the chart) but with wide SL seeing as I'm hoping to break up out of the wedge to possibly fill a the larger bat you see in the background... (see my other idea's linked below).
Now a possible 3rd bat which would be bearish again, not my preferred direction with my open long position... Therefor I don't really want to see the C point of the pink bat to complete all the way down where I drew it, not good for my nerves...
If we get as low as the C on the chart and we see a good rejection then I might add some longs to get to the upside of the wedge and possible completion of this bat!
The 2 previous bats worked fine: the first one (green in the chart) was a total success and I'm currently still in long from the 2nd one (blue in the chart) but with wide SL seeing as I'm hoping to break up out of the wedge to possibly fill a the larger bat you see in the background... (see my other idea's linked below).
Now a possible 3rd bat which would be bearish again, not my preferred direction with my open long position... Therefor I don't really want to see the C point of the pink bat to complete all the way down where I drew it, not good for my nerves...
If we get as low as the C on the chart and we see a good rejection then I might add some longs to get to the upside of the wedge and possible completion of this bat!
Comment:
CLOSED - NO TRADE
