EU Bat Pattern great oppurtunity

Looking to get long EU after it completes a Bat pattern around 1.61's

Bat pattern XA into .5 AB into .786 and completes at an .886 of XA

Great risk to reward especially with more additional targets at the .618 presuming we hit our initial target at the .382

Awesome structure at 1.6 even handle to put stops under the X leg

Plan your trade trade your plan!!

Commentaire:

Going out to the daily chart can also see that the Bat completes right previous resistance level we haven't tested yet adding some great continuation structure with this pattern

Could also even hold this trade if we get what we're looking for to retest the 1.7500 shelf of resistance for a final test of this overall bullish retracement

previous resistance should become support if this thing has any bullishness left

Transaction en cours:

Got in on this trade after massive selloff ended and looks to be going our way

Never got a close below our X point in the pattern adding some additional confirmation of this trade

Commentaire:

Better view of where price has found support and is now solidly breaking out to the upside

1h Chart