BAT is currently trading in uptrend channel on 4H chart. Let's exploit this for simple trade:
- entry on pullback to lower channel border and around 38.2% Fib level of last drop
- stop loss bellow previous low, give it space to breath
- target at 61.8% Fib level (can me manipulated later - area between 3500 and 3600 acted as support / resistance in the past many times)
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
- entry on pullback to lower channel border and around 38.2% Fib level of last drop
- stop loss bellow previous low, give it space to breath
- target at 61.8% Fib level (can me manipulated later - area between 3500 and 3600 acted as support / resistance in the past many times)
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
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Bat broke its wing ...
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