Pattern Based Trading - TCT to the downside of Daily Bat
Hi guys, we have a short opportunity here on a potential bearish bat pattern and as for TCT.
Market is forming a stair step case of Lower highs and lows telling market is downtrending. This could be a good sell position ofr us to enter and stops just above the pattern's X point as it is the previous lower high. If market will be moving down, we can establish that the market must not create a new high.
Target 1: 1.1170
Target 2: 1.1150
Upto to the extended targets of the bearish Daily pattern setup. Check published ideas on EURUSD for more details of that daily trade (long term).
Market is forming a stair step case of Lower highs and lows telling market is downtrending. This could be a good sell position ofr us to enter and stops just above the pattern's X point as it is the previous lower high. If market will be moving down, we can establish that the market must not create a new high.
Target 1: 1.1170
Target 2: 1.1150
Upto to the extended targets of the bearish Daily pattern setup. Check published ideas on EURUSD for more details of that daily trade (long term).
Trade closed: stop reached