Bat pattern has completed and has set up a classic 2618 formation.
1) Price level has retraced back to the 618 Fib level
2) Place take profits at the 1.272 or 1.414 Fib level
3) Place stops at the .382 Fib Level
Please don't hesitate to let me know what you guys think. I'm more than open to constructive ...
1) Strong and respected structure at the $1.08416 level. This has been respected 5 times as outlined in the green circles.
2) Using Fibonacci retracement tool from the $1.10329 to the $1.052 leg we can see a 0.382 confluence with fibonacci level which lies on the $1.08416 structure ...