EUR.USD - Bullish Bat Setup - 1.0642
On the EUR.USD 1hr 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 1.0642 & 1.0619
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 an opportunity to look for extended targets at 1.0790
Stop loss would be placed below X leg structure support.
Target 1 - 1.0713
Target 2 - 1.0756
The price reversal zone on this pair is between 1.0642 & 1.0619
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 an opportunity to look for extended targets at 1.0790
Stop loss would be placed below X leg structure support.
Target 1 - 1.0713
Target 2 - 1.0756
Nota
A strong break and close below 1.0730 should indicate a push lower over the next couple of days.Nota
How to trade the Bat setup.
Nota
EUR.USD is one of the EUR pairs on my watchlist to short on London open.Nota
A break and retest has occurred at 1.0748 adding to the head and shoulders formation.Nota
Buy limit orders could be set if it meets your rules to do so.Nota
D leg complete at 1.0642Nota
If you entered the market at 1.0642 your target 1 should now be attained.Nota
Price has pulled back to the D leg completion, if it meets your rules to do so then there is an opportunity to look long.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.