A bullish bat pattern has completed on this pair and a .382 retracement would take us right back to the previous support shelf that has been proven strong and that should now become resistance. Hence I don't think that we can get more out of this than a retest of that level.
As it is a bat pattern, RR is good, stops below 1.5189, I would even suggest a 1 ATR stop @ 1.5170 as we are trading a pattern on the 240 chart.
Good luck and may the pips be with you.
As it is a bat pattern, RR is good, stops below 1.5189, I would even suggest a 1 ATR stop @ 1.5170 as we are trading a pattern on the 240 chart.
Good luck and may the pips be with you.
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