Hi Traders,
Going through my charts and spotted this bullish bat on Silver. Trade details as follows.
Entry: $16.45
Stop: $15.62
Target 1: $18.12
Target 2: $19.26
The thing I love about trading bat patterns is the risk to reward ratio! Keep in mind that the win percentage on bat patterns is <50%. Meaning if you consistently take this type of setup you will have more losing trades than winning trades. However the wins far outweigh losses in $$$! :)
Good trading,
Luke
Going through my charts and spotted this bullish bat on Silver. Trade details as follows.
Entry: $16.45
Stop: $15.62
Target 1: $18.12
Target 2: $19.26
The thing I love about trading bat patterns is the risk to reward ratio! Keep in mind that the win percentage on bat patterns is <50%. Meaning if you consistently take this type of setup you will have more losing trades than winning trades. However the wins far outweigh losses in $$$! :)
Good trading,
Luke