EUR/USD - BAT PATTERN
EUR/USD - 4H Chart - Bat Pattern
Here on the 4h chart of EUR/USD we have nice Bat Pattern setup.
We have to be cognizant of the Greece situation, however it shouldn't effect our trading plan.
Due to expected volatility a sell limit order will be set closer to the D leg completion.
We must see a completion at D leg ( 1.123 ) before any short entry is triggered.
- SL must go above X
- Target 1 at 38.2% retracement
- Target 2 at 61.8% retracement
Good luck.
Here on the 4h chart of EUR/USD we have nice Bat Pattern setup.
We have to be cognizant of the Greece situation, however it shouldn't effect our trading plan.
Due to expected volatility a sell limit order will be set closer to the D leg completion.
We must see a completion at D leg ( 1.123 ) before any short entry is triggered.
- SL must go above X
- Target 1 at 38.2% retracement
- Target 2 at 61.8% retracement
Good luck.
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