EURUSD-Weekly Market Analysis-Dec19,Wk2
The bullish bat pattern is still valid, if the market head down and retest the entry price, I will engage a long trade after candle confirmation.
If the market extends upwards, I will short it. reason being, on the higher timeframe, is shows consolidation and either side of the market expansion is possible, that is because my trading style having the 1st target reach, I will shift stops to entry and keep the winner, therefore event market didn't expand, I'm ok with it too.
Because once market reaches the 1st target I will have no downside, only upside.
If the market extends upwards, I will short it. reason being, on the higher timeframe, is shows consolidation and either side of the market expansion is possible, that is because my trading style having the 1st target reach, I will shift stops to entry and keep the winner, therefore event market didn't expand, I'm ok with it too.
Because once market reaches the 1st target I will have no downside, only upside.
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