EURUSD: Bullish bat pattern near current market price
Updated
Hi traders,
On the EURUSD we can see a potential bullish bat pattern completing soon. I have chosen this entry, because it is the 161.8% Fibonacci extension of the AB move. This also gives a better R:RR than the normal entry.
Entry: 1.06361
Stop: 1.05942
Target: 1.07282 = R:RR 2.20
Good luck traders! I will be updating this chart as time progresses.
On the EURUSD we can see a potential bullish bat pattern completing soon. I have chosen this entry, because it is the 161.8% Fibonacci extension of the AB move. This also gives a better R:RR than the normal entry.
Entry: 1.06361
Stop: 1.05942
Target: 1.07282 = R:RR 2.20
Good luck traders! I will be updating this chart as time progresses.
Trade active
Trade closed: stop reached
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