We have been waiting for confirmation of a trend reversal on this pair after respecting previous structure support.
The market has recently put in a double bottom followed by a 2618 set up which is a good indication that market is in a bullish rotation.
Having said that, there is a bat pattern completion at 128.33 which means any Bat pattern traders will have to get short! WHY? because if you trade bat patterns, you have to take every one you see that meets your rules right?
so looking at
BAT Pattern @ 128.33
Min Stops above X at 128.56 MINIMUM
Target 1 = 127.93
Target 2 = 127.69
We will hopefully see some action in our live room this morning following yesterdays winners, as there are a few things on my radar...
Good Luck.
www.tradeempowered.co.uk
The market has recently put in a double bottom followed by a 2618 set up which is a good indication that market is in a bullish rotation.
Having said that, there is a bat pattern completion at 128.33 which means any Bat pattern traders will have to get short! WHY? because if you trade bat patterns, you have to take every one you see that meets your rules right?
so looking at
BAT Pattern @ 128.33
Min Stops above X at 128.56 MINIMUM
Target 1 = 127.93
Target 2 = 127.69
We will hopefully see some action in our live room this morning following yesterdays winners, as there are a few things on my radar...
Good Luck.
www.tradeempowered.co.uk
