On the EUR.USD 15min chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.0623 & 1.0630 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 setup placed at the .382% and .618% retracement of the C to D move. There is also an opportunity to look for extended targets at around 1.0580 Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0600 Target 2 - 1.0587
Comment
⋅
D leg complete at 1.0623 Potential shorting opportunity.
Comment
⋅
If you entered at 1.0623 your target 1 should be attained.
Comment
⋅
5 EASY STEPS TO TRADE THE BAT SETUP
Comment
⋅
If you didn't hit target the first time, there is a second opportunity to do so.
Comment
⋅
Target 1 once again attained if you missed out on the first opportunity.
Comment
⋅
If you entered at 1.0623 your target 2 should be attained.
Comment
⋅
If you entered at 1.0623 your extended target should now be attained.
Comment
⋅
4hr Chart Analysis from 24th Feb
Comment
⋅
Long term outlook.
Comment
⋅
A minor pullback is now expected before price continuing to the upside to retest 1.0600