Potential Long Trade on EURGBP
Actually We Have:
1- a Valid Bat Battern
2-Support Area (0.7160 : 0.7135)
3-Demand Zone
-If you Look Left ..... you will see that range Area (0.7160 : 0.7135) will resist The price to go higher (22/5 /2015) & (28/5 2015)
-Then Price Broke the whole resistance Area which is Became a good support Area that pushed The Price To go Higher (1/6/2015)
-Price now moveing low to the structure support Area
- we can Aggressively go long from The (D) Complation point of Bat Pattern .... or we can wait until price reaches to The support Area
-Our Stop Will be Below The X point of Bat Pattern and Support Area
-our target will be 0.382 of (CD) Leg .
Be sure to be Ready .....!!
Thanks ..........!!
1- a Valid Bat Battern
2-Support Area (0.7160 : 0.7135)
3-Demand Zone
-If you Look Left ..... you will see that range Area (0.7160 : 0.7135) will resist The price to go higher (22/5 /2015) & (28/5 2015)
-Then Price Broke the whole resistance Area which is Became a good support Area that pushed The Price To go Higher (1/6/2015)
-Price now moveing low to the structure support Area
- we can Aggressively go long from The (D) Complation point of Bat Pattern .... or we can wait until price reaches to The support Area
-Our Stop Will be Below The X point of Bat Pattern and Support Area
-our target will be 0.382 of (CD) Leg .
Be sure to be Ready .....!!
Thanks ..........!!
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