GOOD OPPORTUNITY TO GO LONG AT .
PRICE IN A PATTERN H4.
DESCENDING PATTERN INDICATES PRICE TENSION BEFORE BREAKOUT, ALTHOUGH MANY WOULD DEBATE DESCENDING = BREAK DOWNWARDS.
BUT I SAY CONVENTIONAL THINKING WILL MAKE YOU LOSE MONEY.
D1 FAILED TO CLOSE BELOW 1.1000 ROUND NUMBER ALTHOUGH IT GAPPED BELOW IT TWICE.
SHOWS DEMAND AROUND THIS AREA.
STOPS AND TARGETS AS FOLLOWS.
FOLLOW THE STOP STRICTLY.
Also, if you want to know more about Bat patterns, one of the members here, Alexander_Nikitin, is a master at bat patterns. He published a series of posts here detailing everything you might want to know about bats and more. Akil Stokes, aka "Bat-man" is also very knowledgeable about bats. Look them up if you need to....