On the EUR.GBP 15min chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between .8865 & .8856 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at around .8923 Stop loss would be placed below X leg structure support.
Had a few of these that have failed and are failing though the setups themselves were near perfect. Or should we blame the US?
#Elementary #Learner
UnknownUnicorn180388
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The price never touched the D leg so the trade wasn't considered.
No need to blame anything, simply the market didn't get to an area where we would of liked entry.
Had a few of these that have failed and are failing though the setups themselves were near perfect. Or should we blame the US?
#Elementary #Learner