Hey, guys, Bat week is still in play; here we have a bullish bat on the euro-pound. Price has begun to move sideways and has entered into a pennant shape. The bat completes above a conservative support line- I probably would get away with pinning it on the D point but i'd like to stick to the wicks.
Stop loss will be placed just below the X point, with a 3/1 risk. I'll be doing the usual- taking profit at 3.18 and reentering with half a position until price reaches the second tp level at 61.81.
Bat ratios
B: 0.382-0.5
C: 0.382-0.886
D: 1.618-2.618
xD: 0.886
Stop loss will be placed just below the X point, with a 3/1 risk. I'll be doing the usual- taking profit at 3.18 and reentering with half a position until price reaches the second tp level at 61.81.
Bat ratios
B: 0.382-0.5
C: 0.382-0.886
D: 1.618-2.618
xD: 0.886
