D1/H4 - PREDICTING POTENTIAL MOVEMENT THROUGH TA
Potential Bearish Bat pattern completion on a good psychological price at 75.800. Could there be a short/sell trade opportunity from here then long/buy or just a long/buy trade opportunity?
My personal bias would be bullish for the upcoming days or weeks. But before that, I can see price on the weekly TF to create it's lower wick first a retracement hence that short/sell trade opportunity on a potential bear bat pattern completion before market going to rally (as per bias).
We will see how will this play out in this coming week. Trade with care and good luck!
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
My personal bias would be bullish for the upcoming days or weeks. But before that, I can see price on the weekly TF to create it's lower wick first a retracement hence that short/sell trade opportunity on a potential bear bat pattern completion before market going to rally (as per bias).
We will see how will this play out in this coming week. Trade with care and good luck!
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.