Bullish Bat pattern. Final "fail" point for a cascade of lower selling is if market breaks below 1.107 (1.13 extension of the bat). Patterns can fail, but they fail into other ones that work. Watching other price levels if that happens
-Always use a stop
-Trade only with money you can afford to lose
-Be open to multiple scenarios
-It's okay to be wrong about anything
-Always use a stop
-Trade only with money you can afford to lose
-Be open to multiple scenarios
-It's okay to be wrong about anything
Note
1/2 position closed. Stop moved to break even.Note
Full position closed near 1.12. Entered short on a different setup -- this bat pattern looking like it could fail.
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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.