Identification:
Price is in an uptrend. A bullish potential bat advanced formation is set
Prediction:
The uptrend will continue higher at least to test the recent highs.
Decision:
Wait untill price enters the reversal zone and install a HHHC candle. If the candle-close is below 50% then the RR-ratio is positive. If no HHHC is formed before price completes the bat then enter agressively at 88.6XA. Stop is place 1ATR below X. Target is the retest of the last NSH.
Price is in an uptrend. A bullish potential bat advanced formation is set
Prediction:
The uptrend will continue higher at least to test the recent highs.
Decision:
Wait untill price enters the reversal zone and install a HHHC candle. If the candle-close is below 50% then the RR-ratio is positive. If no HHHC is formed before price completes the bat then enter agressively at 88.6XA. Stop is place 1ATR below X. Target is the retest of the last NSH.
Trade active:
bought @0.78421 sl 0.78200 tp 0.78676
Trade closed: target reached:
target is hit