J_Graystone
Long

EURUSD Bullish Bat Formation at Market

FX:EURUSD   Euro / U.S. Dollar
1047 views
13
Second trade for the day.
Bat formation at market during this consolidation.
Conventional targets stops below X.

Good Luck guys

Jason

Comments

@ Lord : yes stop under X, usually at 1:1 compared to the 1st green box, and in this situation i'd put it under the below 1.0480 (low 05 jan 11:00), so at 1.0475 by example.

@ J_Graystone : nice idea, but i'm just afraid that D went too low, "touching" X (1.05109/1.05134).
+2 Reply
Let's do this!
+1 Reply
Lordmanoosh, I'm quite sure that Jason places his stops at the 1.13 fib level.
Reply
Hi Jason, I am involved on the same trade, a question...How are target stops placed- Do we place them blindly below X? If not by how many pips. Thanks
Reply
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