EUR.USD - BEARISH BAT SETUP - 1.0623
On the EUR.USD 15min chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.0623 & 1.0630
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.0580
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0600
Target 2 - 1.0587
The price reversal zone on this pair is between 1.0623 & 1.0630
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.0580
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0600
Target 2 - 1.0587
Note
D leg complete at 1.0623Potential shorting opportunity.
Note
If you entered at 1.0623 your target 1 should be attained.Note
5 EASY STEPS TO TRADE THE BAT SETUP
Note
If you didn't hit target the first time, there is a second opportunity to do so.Note
Target 1 once again attained if you missed out on the first opportunity.Note
If you entered at 1.0623 your target 2 should be attained.Note
If you entered at 1.0623 your extended target should now be attained.Note
4hr Chart Analysis from 24th Feb
Note
Long term outlook.
Note
A minor pullback is now expected before price continuing to the upside to retest 1.0600
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.