On the EUR.GBP 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between .8749 & .8759
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around .8680
Stop loss would be placed above X leg structure resistance.
Target 1 - .8714
Target 2 - .8693
The price reversal zone on this pair is between .8749 & .8759
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around .8680
Stop loss would be placed above X leg structure resistance.
Target 1 - .8714
Target 2 - .8693
Commento:
Price collapsing of trendline resistance.
Commento:
Trade setup now invalid.