Hi traders,
today i want to show you a nice short-term setup. We have 3 out of 4 leg of the Bat pattern and we are waiting for the 4th. It's gonna complete right at previous resistance that could act as support this time.
My levels of entry and stop are displayed on the chart above. Targets, as usual, are .382 and .618 retracements of AD.
This pattern is going to be valid as long as price doesn't exceed the A leg.
See you in the next chart!
today i want to show you a nice short-term setup. We have 3 out of 4 leg of the Bat pattern and we are waiting for the 4th. It's gonna complete right at previous resistance that could act as support this time.
My levels of entry and stop are displayed on the chart above. Targets, as usual, are .382 and .618 retracements of AD.
This pattern is going to be valid as long as price doesn't exceed the A leg.
See you in the next chart!
Trade closed: target reached