Potential Bullish Bat structure @ 1.0696

14 thg 11, 2016

Potential Bullish Bat structure is forming. Rsi structure is forming a divergence against price structure informing potential reversal at the coming Low.

Waiting for more comfirmation. Reminder: the pattern is not yet completed. Close inspectation of price action at the 1.618XA is needed.

Entry @ 1.0696
Stop Loss@1.0534
Exit/Limit @1.0944 (Target 1) and @1.1118 (Target 2)

14 thg 11, 2016

Ghi chú

Note that Bullish Gartley is also forming with a similar completion price point XAD@1.06421. (Weekly timeframe).

Since two patterns are developing at the similar price point, the chance of the price will reverse is high.

14 thg 11, 2016

Ghi chú

Short term Bullish Crab :))
Worth looking