Will follow price action closely. There is ratio confluence of a 1.618 extension and a 0.886 retracement, setting the conditions for a bat pattern.
Stops are going 15 pips above X, with profit targets at the 0.382 retracement of the A to D move.
Also note that the potential reversal area meets with a structure area of past significance.
Stops are going 15 pips above X, with profit targets at the 0.382 retracement of the A to D move.
Also note that the potential reversal area meets with a structure area of past significance.
Trade active:
RSI now showing a strong divergence relative to price action, adding an extra bias for shorting