Reached target zone. What's next

FX:EURUSD   Euro / U.S. Dollar
$EURUSD finally reached my target zone - 1.14 - very close to completion of bearish Bat pattern
200 pips winner for those who entered near 1.12 as previous setup suggested.

The next potential target level, longer term target, for $EURUSD is 1.18 ( bearish Crab )
The blue Bat can create some pullback, and beside that, 1.14 is a strong resistance zone that won't be an easy task to overcome.
Potential pullback targets: 1.125, 1.12.
Stop loss required > 1.145

Seems like the bat might work.
But as far as targets, I'd say maybe retest B point but not lower.
I know I'll go long there if offered.
Hej , could you please define structure support and resistance?
Sure.. horizontal price ranges (zones) that the price reacted to in the past. Like simple support and resistance? I use zones instead. Here's an example from $GE - Major structure support near 23.5$ and major structure resistance near 27.5$ defines $GE trading range (perhaps breakout today?)
Hi, I think is possible before going up to 1.16 it would go down to 1.129/1.13 area. I think also that It will go up to 1.16 area but not so fast as many think, which is next week. Trend is upward. I think some profit can be made early next week in short position but go long at 1.130
Perhaps.. I do see a potential pullback. Regarding the strength of the potential rally.. It won't be a fast one.
I'd stay in...maybe short the pullback but you might miss out on a giant rally.
In these cases I usually keep partial position open and try trading the pullback with smaller position sizes. I'm still bullish
IvanLabrie PRO themarketzone
Excellent, right, the larger pattern is still pending. My target is 1.21397, maybe we can short that top ;)
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