EUR/USD Long Opportunity - Completion of Bearish Bat
Looking for Bat pattern to complete based on price action around previous support/resistance trend line and previous zone.
Price Action of a double bottom or engulfing bullish on 4 hour chart would confirm a bounce to .382 and possibly .618.
Will take two positions with stop loss just below X
Price Action of a double bottom or engulfing bullish on 4 hour chart would confirm a bounce to .382 and possibly .618.
Will take two positions with stop loss just below X
Note
Waiting on price action confirmation to go longNote
Looks like we are getting our bounce off the bullish bat pattern. Next trading opportunity for me for this currency pair is when it comes to retest previous high at .382 bounce - Note
Am waiting for a retest of .382 to determine if I short the currency pair
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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.