Art_of_Trading

EURGBP: Structure+Bat=Win?!

Long
FX:EURGBP   Euro / Livre Sterling
On EURGBP , the price moves sideways and it found resistance at 0.7354 and support level at 0.7243. Price respected that support level last few times and it is expected it will do it again.
During this market, the potential bat pattern appears, which gives clear guidance for enter, SL and TP. SL can be placed below support level.

T1 - 38.2%
T2 - 61.8%

This opportunity gives nice risk/reward ratio.
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