On the EUR.USD Daily chart we have a potential short opportunity at the D leg completion of a Bat Pattern
The price reversal zone on this pair is between 1.13849 & 1.14746
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 88.60% - 1.414% including an AB=CD that completes at 1.14364
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 1.0600
Stop loss would be placed above X leg structure resistance.
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The price reversal zone on this pair is between 1.13849 & 1.14746
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 88.60% - 1.414% including an AB=CD that completes at 1.14364
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 1.0600
Stop loss would be placed above X leg structure resistance.
www.UKForexSignals.com
www.Instagram.com/UK_Forex_Signals
www.Instagram.com/Tom_Hall_Official