On the EUR.USD 15min 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 1.0623 & 1.0630
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 1.0580
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0600
Target 2 - 1.0587
The price reversal zone on this pair is between 1.0623 & 1.0630
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 1.0580
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0600
Target 2 - 1.0587
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If you entered at 1.0623 your target 1 should be attained.
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5 EASY STEPS TO TRADE THE BAT SETUP
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If you didn't hit target the first time, there is a second opportunity to do so.
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Target 1 once again attained if you missed out on the first opportunity.
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If you entered at 1.0623 your target 2 should be attained.
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If you entered at 1.0623 your extended target should now be attained.
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4hr Chart Analysis from 24th Feb
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Long term outlook.
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A minor pullback is now expected before price continuing to the upside to retest 1.0600
Potential shorting opportunity.