shah-n

Potential Bullish Bat on EUR/USD

Long
OANDA:EURUSD   Euro / Dollar Américain
Hi Everyone, hope you all had a lovely weekend. Thought I will quickly shoot this on Tradingview, If you look at the 4 hr some will notice that we had a breakout of a bullish flag pattern. Now personally I don't trade this pattern but I can use it as a confluence. For breakout traders they will be waiting for a retracement to go long, me, on the other hand, is looking to get involved in the 60 min timeframe. If price retraces back to previous resistants now support, we have a potential bullish Bat completing at 1.2260. Conventional targets at 38.2 & 61.8 retracement.

I can also get involved using the FSCT1 at that level if price action presents itself with bullish evidence.

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