On the EUR.USD Daily 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 1.1193 & 1.1300
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 1.0500
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0865
Target 2 - 1.0662
The price reversal zone on this pair is between 1.1193 & 1.1300
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 1.0500
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0865
Target 2 - 1.0662
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Potential resistance levels to be aware of prior to pattern completion.
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Buy stop order now in place.
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Pending order still in place.
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Trade now live.
Trade closed: target reached:
Awaiting a minor pullback now before another push towards the D leg completion.
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What i am now looking for as we break B leg resistance
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Daily, 4hr and 1hr outlook.
