The Bat pattern provides a very small stop loss for entry due to the entry point being at the 88.6% XA and the stop being at 100% of XA.
We can also se denoted a 200% BC projection denoted close the to 88.6% Entry point.
To take the entry I would like to see both of these measurements broken by a single bearish 15 minute candle.
Looking to take a low amount of pips but the R:R rate is very pleasing due to the small stop required.
We can also se denoted a 200% BC projection denoted close the to 88.6% Entry point.
To take the entry I would like to see both of these measurements broken by a single bearish 15 minute candle.
Looking to take a low amount of pips but the R:R rate is very pleasing due to the small stop required.
Trade closed: stop reached