I'm long on the longer term based on my previous idea. This bat could be a good shorter term short opportunity though.
1 target as shown on chart, SL 15 pips above X. Some might want to take the usual targets at the 38.2 and 61.8 ret of CD. I will try to watch PA closely around that bat completion level to enter or I might set an order for it if I'm not available by that time.
If the bat works out then I'll try to add longs as per my longterm view around the 50%-61.8% retracement of this bat, SL below the lowest low, target as in my previous idea.
Longterm idea here:
Order cancelled
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Comments
nl88
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is it time to enter a short ?
nl88
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Hi, just learning around here.. Is it right to say for the BAT to form, it has to hit point D ?
KVE
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Yep, bat completes at D, typically 0.886 retracement of XA!