EURAUD Potential Bearish Bat
Looking at the daily chart here and it may take a little while, but if price climbs up, a Bat Pattern could be triggered. This would create a healthy risk/reward. If completed, I would look for T1 at 0.382 and T2 at the 0.618 retracement of AD, with SL at a 1.13 extension of A to X.
Note: I would not take this on my personal account, because I have not backtested this pattern on this pair enough to know the probability. I'm just sharing as an idea and to contribute to the community. Maybe others know this pair/pattern combo much better and could have greater input.
Hope everyone's off to a good start this week!
Note: I would not take this on my personal account, because I have not backtested this pattern on this pair enough to know the probability. I'm just sharing as an idea and to contribute to the community. Maybe others know this pair/pattern combo much better and could have greater input.
Hope everyone's off to a good start this week!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.