A bearish bat setup as a trend trading opportunity on EURUSD. What interest me is the consolidation occurs after pt B and pt C are formed.
This gives a potential bullish flag formation hitting an AB=CD setup.
Sadly the RSI is not on the oversold area, so I have to watch this closely. It will have a great reward:risk, however, I do believe is a torturous wait for it to hit targets or stop.
This gives a potential bullish flag formation hitting an AB=CD setup.
Sadly the RSI is not on the oversold area, so I have to watch this closely. It will have a great reward:risk, however, I do believe is a torturous wait for it to hit targets or stop.
Trade active
Stops and Target AdjustmentSLE: 1.2156(+2)
TP1: 1.2118(+40)
TP2: 1.2080(+78)
Trade closed: target reached
Target1 Achieved +40pips
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.