Hi,
A Potential bullish BAT pattern under formation on 60 mins chart of PNB.
Price broken higher time frame (4 hour) trend line & inching down, which gives us an excellent risk/reward short setup (BAMM move form B leg to D leg).
Trade levels as follows.
TRADE 1
( BAMM MOVE) - SHORT SETUP
ENTRY 147.5 or below
STOP 148.6
Target 143.8
Risk/Reward : 3.4
Once the pattern completes D leg, we will have a long setup based on the price action.
TRADE 2 - LONG SETUP
ENTRY 143.8
STOP 140.7
Target 1: 147.5 (38.2%)
Target 2: 149.8 (61.8%)
Trade with Care
Gulz
A Potential bullish BAT pattern under formation on 60 mins chart of PNB.
Price broken higher time frame (4 hour) trend line & inching down, which gives us an excellent risk/reward short setup (BAMM move form B leg to D leg).
Trade levels as follows.
TRADE 1
( BAMM MOVE) - SHORT SETUP
ENTRY 147.5 or below
STOP 148.6
Target 143.8
Risk/Reward : 3.4
Once the pattern completes D leg, we will have a long setup based on the price action.
TRADE 2 - LONG SETUP
ENTRY 143.8
STOP 140.7
Target 1: 147.5 (38.2%)
Target 2: 149.8 (61.8%)
Trade with Care
Gulz
Trade closed: target reached:
Wow !!! Impulse to down & Trade 1 - Target hit.
Watch price action for Trade 2.
Watch price action for Trade 2.
Trade closed: target reached:
Trade 2 : 1st Target Hit