Looking at the H4 chart (just a little cleaner than the hourly but still valid on both), we could be potentially tracing out an advanced bullish bat pattern at the moment. If price action makes its way down to our entry at the 88.6% Fib on the chart then the pattern would be complete and you could enter long looking for targets 1 & 2 at the green lines on the right. We also have a nice even handle number in that region (1.2200) and some fib extension confluence as well, but just wanted to keep it simple with an aggressive pattern entry idea here for the time being. Let's see what happens!
**As always, this is just an idea, you take responsibility for anything you do off the back of this.
**As always, this is just an idea, you take responsibility for anything you do off the back of this.
Order avbruten:
Pattern invalidated now as the A point leg has been breached