On the EUR.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 1.0373 & 1.0366 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 A to D move. There is also opportunity to look for extended targets at 1.0461 Stop loss would be placed below X leg structure support .
Target 1 - 1.0413 Target 2 - 1.0438
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Although price has exceeded D and X legs, there is still a potential long opportunity.
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If you executed your position at 1.0373 your target 1 and 2 should have been attained.
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Learn to trade this setup in 5 easy steps.
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Potential extended targets at 1.0461
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If you executed your position at 1.0373 your extended target should have been attained.