We have a Bat pattern and price is coming into the Daily Structure zone.
Looking for a conservative entry such as a Double Top to get involved in a SHORT.
Then using looking at the Bat Patterns Targets for exit.
I would shoot for T2 at support instead of the conventional 0.618 Bat target.
Stops a little above 1.13
Looking for a conservative entry such as a Double Top to get involved in a SHORT.
Then using looking at the Bat Patterns Targets for exit.
I would shoot for T2 at support instead of the conventional 0.618 Bat target.
Stops a little above 1.13
Note
Alexander_Nikitin has a butterfly with this pattern which could be an entry. Thanks Alexander!
Trade closed: stop reached
Stopped out. In conclusion, i believe this was still a good trade even though it lost.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.