Hi all,
I hope you are having fun with this wild pair.
On the chart we have a bat pattern in the make with D approximately at 1.0666
where it will meet a proven trendline resistance. For me targets will be dictated
by andrews pitchforks, each arrow shows the subsequent target.
The last arrow going up shows a potential future long trade.
The potential risk-reward is massive with this trade but if you go for the ultimate
target be ready to hold for some days. The traditional bat pattern targets will provide
good risk-reward so trading those short term is absolutely fine.
First target @ B would already give you R-R of 1:3
Goodluck guys!
I hope you are having fun with this wild pair.
On the chart we have a bat pattern in the make with D approximately at 1.0666
where it will meet a proven trendline resistance. For me targets will be dictated
by andrews pitchforks, each arrow shows the subsequent target.
The last arrow going up shows a potential future long trade.
The potential risk-reward is massive with this trade but if you go for the ultimate
target be ready to hold for some days. The traditional bat pattern targets will provide
good risk-reward so trading those short term is absolutely fine.
First target @ B would already give you R-R of 1:3
Goodluck guys!
Order cancelled:
Cup and handle breakout I believe..
