Entering at 115.580 on following basis;
Advanced pattern - Bat - D completion.
In conjunction with the completion of the Bat we have bearish falling trendlines (long term + short term). We have structure and on top of this we have RSI showing overbought.
Target is 38.2 fibo of A-D leg. Stop loss at a level where Im considering myself to be wrong. - Above previous structures and safe distance above trendlines.
Advanced pattern - Bat - D completion.
In conjunction with the completion of the Bat we have bearish falling trendlines (long term + short term). We have structure and on top of this we have RSI showing overbought.
Target is 38.2 fibo of A-D leg. Stop loss at a level where Im considering myself to be wrong. - Above previous structures and safe distance above trendlines.
Note
Target adjusted. 38.2% of full A-D Leg. 114.700Trade closed: target reached
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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.