On the EUR/USD Daily chart we have a potential long opportunity at the D leg completion of a Bat Pattern.
The price reversal zone is between 1.0566 & 1.0470 which is large on this pair as we are trading the daily time frame.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support.
Website.
www.UKForexSignals.com
Learn To Trade The Bat Pattern.
The price reversal zone is between 1.0566 & 1.0470 which is large on this pair as we are trading the daily time frame.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support.
Website.
www.UKForexSignals.com
Learn To Trade The Bat Pattern.
Long entry at 1.0566 current price at 1.1310
I am now expecting a break below the 1.1200 handle