EUR.USD - Bullish Bat Setup - 1.0642
Updated
On the EUR.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 1.0642 & 1.0619
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.0790
Stop loss would be placed below X leg structure support.
Target 1 - 1.0713
Target 2 - 1.0756
The price reversal zone on this pair is between 1.0642 & 1.0619
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 1.0790
Stop loss would be placed below X leg structure support.
Target 1 - 1.0713
Target 2 - 1.0756
Comment
A strong break and close below 1.0730 should indicate a push lower over the next couple of days.Comment
How to trade the Bat setup.
Comment
EUR.USD is one of the EUR pairs on my watchlist to short on London open.Comment
A break and retest has occurred at 1.0748 adding to the head and shoulders formation.Comment
Buy limit orders could be set if it meets your rules to do so.Comment
D leg complete at 1.0642Comment
If you entered the market at 1.0642 your target 1 should now be attained.Comment
Price has pulled back to the D leg completion, if it meets your rules to do so then there is an opportunity to look long.Disclaimer
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