Bullish Bat Pattern on the 4 hr EURUSD Chart
A distinct Bullish Bat pattern with a precise PRZ (see published chart). The ratio alignment is quite precise, especially the 38.2% B point
and extended BC projection. The two numbers of the PRZ defined a tight zone between 1.1053–1.1057 to get long. Specifically, the setup possesses a 2 BC projection at 1.1057, and the 0.886 XA retracement at 1.1053.
Target 1 is at B which is around 1.1162 and target 2 is at C which is at 1.1228.
Let's hope for the best...
and extended BC projection. The two numbers of the PRZ defined a tight zone between 1.1053–1.1057 to get long. Specifically, the setup possesses a 2 BC projection at 1.1057, and the 0.886 XA retracement at 1.1053.
Target 1 is at B which is around 1.1162 and target 2 is at C which is at 1.1228.
Let's hope for the best...
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The price is approaching the PRZ at about 1.1055. Get ready to start your trades...
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as and when the price reaches the 1.1057-1.1055-1.1050 range... there will be a consolidation phase. Need to watch the price action in this band closely... will update when I open the long position...
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