Hello,
We have a possible Bat. The ratios are good. And it is approaching a resistance point.
Looking at the Daily chart, it is inside a Wedge. So to me it is a good possibility that it comes
into this area. Stops are placed just above the X point. And depending on fast it moves, our second target is just under
the trend line. If it happens to break X, oh well. We have protective stops and we start again.
Enter at 121.600
Stop at 122.100
Target 1 is better then 2:1 and bouncing off structure (B point ).
Good luck.
We have a possible Bat. The ratios are good. And it is approaching a resistance point.
Looking at the Daily chart, it is inside a Wedge. So to me it is a good possibility that it comes
into this area. Stops are placed just above the X point. And depending on fast it moves, our second target is just under
the trend line. If it happens to break X, oh well. We have protective stops and we start again.
Enter at 121.600
Stop at 122.100
Target 1 is better then 2:1 and bouncing off structure (B point ).
Good luck.