LONG opportunity (reversal) here on the Cable with Bias
Hi guys we got a LONG opportunity coming right here on the Cable with two potential bullish pattern completion. A bullish butterfly pattern is already completed as we also have a potential bullish Bat pattern that will complete. There could still be a potential one impulsive movement down to complete our bat pattern or there could be not anymore since we already complete a pattern already and take note that the butterfly can complete with in a range between the 127.20% to 161.80% of the XA Butterfly Fibo Inversion.
Aggressive can take LONG position from the price level. And conservative can wait for further confirmation or could wait for a BO of the symmetrical triangle. TP 1 as you can see could hit a potential sup/res zone/level by which profit takers will come in and some pressure of sellers and etc.
Target 1: 1.2355
Target 2: 1.2489
Stops could be below the X point of the Bat structure or so.
Aggressive can take LONG position from the price level. And conservative can wait for further confirmation or could wait for a BO of the symmetrical triangle. TP 1 as you can see could hit a potential sup/res zone/level by which profit takers will come in and some pressure of sellers and etc.
Target 1: 1.2355
Target 2: 1.2489
Stops could be below the X point of the Bat structure or so.
Comment:
We are near to our TP 1.
