Hi guys we got a 2618 setup for us to go LONG. A conservative way to trade trend reversal/market movement reversal with target points to a pattern completion for us to have another trade opportunity.
2618 Setup: 1.2420 (psychological number). Stops would be below the Double bottom . Obviously if our stops would be hit our potential bearish Bat pattern would also be invalidated. Since the stops would be below the A point of the Bear Bat pattern which is our Double bottom .
TP could be a good 1:1 RR to an extended potential TP point on the Bearish Bat Setup
Bearish Bat Setup: 1.2544
TP 1: 1.2482
TP2: 1.2444
2618 Setup: 1.2420 (psychological number). Stops would be below the Double bottom . Obviously if our stops would be hit our potential bearish Bat pattern would also be invalidated. Since the stops would be below the A point of the Bear Bat pattern which is our Double bottom .
TP could be a good 1:1 RR to an extended potential TP point on the Bearish Bat Setup
Bearish Bat Setup: 1.2544
TP 1: 1.2482
TP2: 1.2444
评论:
TP 1 on the 2618 setup with 1:1 and now stops with BE on the 2nd position as we expect that we could see and complete a bear bat. Bear Pattern is now invalid.
