Possible Bat formation, will need for the D leg to get completed.
Look left, structure leaves clues...We may observe there is alot of resistances at the possible D leg completion.
Great risk to reward...SL 41 - TP 107 to 175.
P.S. the market is in a up trend, so the retrace seems to take place in previous ...
Hello Traders, the market is current on a bulilsh trend for quit some time.
Here we can se that the market always retrace to a 61.8% (not on the dime, but around the zone) then it shoots up higher than a 1.27% ext.
Too bad I didnt perform this forex analysis last week, we can see that once more it hit 61.8% ...
Possible Bat Pattern formation on the daily chart.
IPDE, expecting the market to hit my D leg which is 88.6% retracement for market to rally back up.
* If a new C leg is form and its higher than my previous highest close, trade wont get activated.
Lets wait to see how the market reacts in the next couple of ...
I have observe a bullish trend, the second one doesnt clasify since the highest high close lower than the previous highest close but the third one does close beyond.
IPDE, expecting to reach the 128.30ish zone then to retrace around 126.75-127.30 for it to shoot up for a new highest high.