EURUSD Bullish Bat Pattern - Long RR 1 : 2.2
Technically I am still bullish bias on this pair. Potential BUY on EURUSD around 1.1100 area using BUY LIMIT.
Reason :
- 80% quality Bullish Bat Pattern setup
- Support area @ fibs level 38.2%
- Risk reward 1:2.2 , why not?
- Potential to reach next resistance points :
Entry point Long : 1.1100 area ; TP1 : 1.1155 area, TP2 : 1.1200 ; SL below 1.1050 area
Risk Reward 1: 2.2
Trade safe everyone despite of many news ahead ; Always remember to trade with stop-loss, market is crazy & cunning*
Reason :
- 80% quality Bullish Bat Pattern setup
- Support area @ fibs level 38.2%
- Risk reward 1:2.2 , why not?
- Potential to reach next resistance points :
Entry point Long : 1.1100 area ; TP1 : 1.1155 area, TP2 : 1.1200 ; SL below 1.1050 area
Risk Reward 1: 2.2
Trade safe everyone despite of many news ahead ; Always remember to trade with stop-loss, market is crazy & cunning*
Trade active
Buy entry hit at 1.1110, TP1 hit +45pips @ 1.1155.Trade closed: target reached
TP2 : 1.1200 hit ! All target hit in less than 12hours. Good callNote
TP3 : 1.1250 hit ! This pair is going up higher highNote
NFP pushed this pair for a higher high at 1.1280, a further upside can still be expected. Monthly candlestick has also closed very bullish.Will come back again for this pair next week !
Note
Retest of 1.1120 area, if this support sustain, long to 1.1300 (+280pips upside target)
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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.