FX:EURUSD Euro Fx/U.S. Dollar
This is a corrected chart with the corrected POTENTIAL pattern. In the previous chart, I had drawn it incorrectly (that's what happens when posting at 2AM after coming back from the bar!) and the D point of this is actually higher and above the BAMM line and structure thereby taking it out of play for this trade.Should prices break through the BAMM line resistance, then this trade would be closed.
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the BAMM line represents the B point of a pattern. In this case, it represents the B point of a large Bat pattern on the DAILY TF. This point is also a MAJOR SR Structure level. In most patterns (not all) when prices close past this point, more than likely, the pattern will complete at some point in the future.