orvilleawright
Long

EURUSD 1H BULL BAT at Structure Low 1.114xx with Stop and Target

FX:EURUSD   Euro/U.S. Dollar
1. If price reaches the completion of this BAT pattern I will wait for a reaction ( Engulfing bullish candle, Tweezer bottom , etc) within the PRZ. This entry zone has acted as support in the past. It is also at a 1.272 fib inversion.
2. Stop is placed at the 1.13 fib extension of the XA leg.
3. Target 1 is below the 38.2 retracement of the larger down move and slightly below the A point of the BAT pattern .
4. Target 2 is slightly above the 50% retracement of the larger move down. This area had acted as resistance in the past.
5. Both stops are moved to breakeven when target 1 is hit. Target 2 stops are trailed using the DNC indicator once moved to breakeven.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out