EURUSD 78.6% - CHANNEL - BAT PATTERN

10 thg 8, 2015

Currently on the euro we have price action moving with-in a channel, interesting though each high or return to the top of the channel equals a 78.6% retracement of the previous high. For the pattern traders we have a Bat pattern moving into the D leg completion but bats typically complete at 88.6% retracement so where will it go we will have to wait and see. Either way there is a great R/R to be had providing price action doesn't blow through on to new Structure highs.
Your views are welcome, like if you agree.