Hi all,
On the EURUSD we can see two patterns forming.
One of them is a bat pattern and one of them is a butterly pattern. Depending on your strategy. If you have a more agressive style, you can enter the bat pattern and have a bigger stop loss.
The butterfly pattern however, is perfect. It has great structure. This low of december 2015. Stop is below this price.
Entry bat: 1.0654
Entry butterfly: 1.058
Stop on both patterns: 1.0577
Target 1 on both patterns: 1.0815
Target 2 on both patterns: 1.1045
Best of luck!
On the EURUSD we can see two patterns forming.
One of them is a bat pattern and one of them is a butterly pattern. Depending on your strategy. If you have a more agressive style, you can enter the bat pattern and have a bigger stop loss.
The butterfly pattern however, is perfect. It has great structure. This low of december 2015. Stop is below this price.
Entry bat: 1.0654
Entry butterfly: 1.058
Stop on both patterns: 1.0577
Target 1 on both patterns: 1.0815
Target 2 on both patterns: 1.1045
Best of luck!
