Pattern Based Setup - Potential Long Trade for 1:5 RR for TP1
Hi guys we got another opportunity to go for a long/buy position on this potential bullish bat pattern. A retrament once again at the 88.60% bullish bat completion or the zone of 61.8 and 78.6 retracement of the recent move leg up could trigger our potential buy limit with a good risk:reward of 1:1.5 for tp1 and 1:2.4 for tp2. Trade with care and may the pips be with us.
PS: We could also wait for a potential signal/confirmation once price reach at our PRZ (once again) such as bullish divergence. If the market will consolidate further this setup could be a strong one.
PS: We could also wait for a potential signal/confirmation once price reach at our PRZ (once again) such as bullish divergence. If the market will consolidate further this setup could be a strong one.