Pattern Based Trade Setup - Pre NFP Analysis

Hi guys we got a short/sell opportunity here with a potential bullish bat pattern setup as the pattern is not yet completed but we could build a bias out from it. As said, we can now aggressively short/sell this market now with stops just above the pattern's A point (114.280) wait for a BO of the potential lower TL and target with atleast a good 1:1 upto the pattern completion on the 88.60% Fibo level (113.10) for another long/buy opportunity depending on future price/market action. Expect movement on this upcoming NFP event. Trade with care.

Commentaire:

Pattern/Setup is already ruined, means this is a invalid setup already. But if you have taken a 1:1 RR you probably have taken TP1 atleast.