Nov 4 2015: BULLISH EURUSD 1H: Buy channel bottom; Buy BAT pattern
(Analysis Based on 1 hour chart)
Observations
1. Long term down channel
2. Short term down channel
3. Bullish BAT pattern completed
4. Oversold RSI at 1H swing low
5. Regular divergence
NOTE: Wait for price action to confirm the importance of these levels.
NOTE: This is a counter trend opportunity based on my daily outlook
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(Analysis Based on 1 hour chart)
Observations
1. Long term down channel
2. Short term down channel
3. Bullish BAT pattern completed
4. Oversold RSI at 1H swing low
5. Regular divergence
NOTE: Wait for price action to confirm the importance of these levels.
NOTE: This is a counter trend opportunity based on my daily outlook
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
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