Hi Traders!!
This Currency pair has been going sideways since August 2018, forming bearish flag pattern on daily chart.
Bearish Bat is forming inside this consolidation on 4h chart. Completion point of this Bat is near major structure level.
Entry Price/Direction- Short @ 1.74117
Stop Loss - ATR based stop loss order above the Bat's starting point X.
Profit targets - 1st profit target at 38.2 % retracement of the whole Bat.
2nd profit target at Bat's Lows.
Min. Risk/Reward ratio for this set-up is 1.5
This Currency pair has been going sideways since August 2018, forming bearish flag pattern on daily chart.
Bearish Bat is forming inside this consolidation on 4h chart. Completion point of this Bat is near major structure level.
Entry Price/Direction- Short @ 1.74117
Stop Loss - ATR based stop loss order above the Bat's starting point X.
Profit targets - 1st profit target at 38.2 % retracement of the whole Bat.
2nd profit target at Bat's Lows.
Min. Risk/Reward ratio for this set-up is 1.5
Trade active
Position Filled.Trade active
T/P 1 Reached
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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.