Bullish Bat pattern is completed.
Potential reversal zone (PRZ) has many fibonacci extensions in it, not only one or two. That makes this level even more important as a potential reversal area. Structure is giving strong support and there is also an ascending trendline giving some support at this level.
After a strong downtrend move that has taken price from 188.700 to 175.580 it would be wise to wait for some kind of confirmation of potential reversal before entering.
Could be a great trade with great risk/reward, but be careful...
Potential reversal zone (PRZ) has many fibonacci extensions in it, not only one or two. That makes this level even more important as a potential reversal area. Structure is giving strong support and there is also an ascending trendline giving some support at this level.
After a strong downtrend move that has taken price from 188.700 to 175.580 it would be wise to wait for some kind of confirmation of potential reversal before entering.
Could be a great trade with great risk/reward, but be careful...
Order cancelled:
Price went down without signs of reversal so there was no trade.
