Potential Reversal Zone
A bat pattern may complete at the rate of 112.78. A cypher pattern completes at the rate 112.44. These two patterns may form a PRZ of 34 pips. Obviously, the bat pattern gives a better risk-to-reward ratio.
Setup
Entry: 112.78
Stoploss: 113.56 (78 pips)
Target 1: 111.63 (1:1.47)
Target 2: 110.92 (1:2.38)
Target 3: 109.43 (1:4.29)
Caution
If the stoploss is too big, downsize you positions!
A bat pattern may complete at the rate of 112.78. A cypher pattern completes at the rate 112.44. These two patterns may form a PRZ of 34 pips. Obviously, the bat pattern gives a better risk-to-reward ratio.
Setup
Entry: 112.78
Stoploss: 113.56 (78 pips)
Target 1: 111.63 (1:1.47)
Target 2: 110.92 (1:2.38)
Target 3: 109.43 (1:4.29)
Caution
If the stoploss is too big, downsize you positions!
Trade active
Trade closed: stop reached
