(EP #12) Kelvin Trade Ideas - EURAUD Bat Pattern 2019-12-20

20 dic 2019

In the daily chart, the market is retesting support area (~1.61350) now. In four hour chart, there are two bat pattern in the chart. The red bearish bat pattern provides a potential reversal zone (PRZ) from 1.62740 to 1.62610. The purple bullish bat pattern provides a PRZ near 1.60850. I assume the market is in a sideways trend which is between those PRZ. Because now the price is near the bottom of the sideways trend , so I would like to trade the purple bat pattern, I will use the PRZ 1.60850 as my buy orders entry level, because I need the best risk and reward ratio in this chart. So right now I need more candlesticks to show up and the price hit 1.60850, let's see how it goes from here!

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