EUR/USD: Possible smaller bat within a larger bat.
This idea is based on the smaller (pink) bat drawn in the chart. This bat is close to completion.
2 trades are on the chart, some people might consider a tighter SL but I prefer to give it a little more room (at least above the 1.1300 level...).
I would probably take 80% at TP1 and the remaining 20% at TP2 because if the possible larger bat is in play the retracement could be limited.
To add to that my long-term bias is still "up" so this could also be considered as a counter-trend trade...
I will post a new idea on the larger bat.
2 trades are on the chart, some people might consider a tighter SL but I prefer to give it a little more room (at least above the 1.1300 level...).
I would probably take 80% at TP1 and the remaining 20% at TP2 because if the possible larger bat is in play the retracement could be limited.
To add to that my long-term bias is still "up" so this could also be considered as a counter-trend trade...
I will post a new idea on the larger bat.
Trade closed: target reached
