Bat Pattern performed, price had been over acted though.
because of Fibo level, taking short here is quite hesitating.
2 options are possible for next week
1. wait for re-bound
2. wait for confirmation (price goes under previous candle's low)
1 has better RR ratio but larger stop loss
2 has smaller stop loss but smaller RR ratio.
because of Fibo level, taking short here is quite hesitating.
2 options are possible for next week
1. wait for re-bound
2. wait for confirmation (price goes under previous candle's low)
1 has better RR ratio but larger stop loss
2 has smaller stop loss but smaller RR ratio.
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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.
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.