EUR/USD - 4h Chart - Bat & Cypher Pattern
Light Grey - Bat Pattern - D leg completion at 1.1361 - Bearish Pattern
White - Cypher Pattern - D leg completion at 1.0959 - Bullish Pattern
Price broke B leg resistance and is now making a strong move towards the D leg completion of the Bat Pattern, as there is no strong resistance level approaching it is more than likely we will get a D leg completion into early next week.
Depending on your trading plan and style, you could get short at the D leg completion of the Bat Pattern .
A more conservative approach would be to await price to complete at the D leg of the Cypher Pattern before getting long. I feel both the aggressive and conservative approach are plausible, but always trade your plan.
Light Grey - Bat Pattern - D leg completion at 1.1361 - Bearish Pattern
White - Cypher Pattern - D leg completion at 1.0959 - Bullish Pattern
Price broke B leg resistance and is now making a strong move towards the D leg completion of the Bat Pattern, as there is no strong resistance level approaching it is more than likely we will get a D leg completion into early next week.
Depending on your trading plan and style, you could get short at the D leg completion of the Bat Pattern .
A more conservative approach would be to await price to complete at the D leg of the Cypher Pattern before getting long. I feel both the aggressive and conservative approach are plausible, but always trade your plan.