This is a update from a previous post:
Cleaned it up and adjusted the timeframe.
If this upward momentum holds we could complete this bat within a couple of months...
Imagine what this means for OIL too...
I will probably set 4 orders, 2 different entry levels, 2 TP's each. Exactly as on the chart!
The 1.5500 round level could provide us with cover to keep SL very tight and excellent R/R!
I'll look for structures like ending diagonals to confirm my gameplan and orders closer to the bat's completion. I might adjust or cancel sell orders depending on PA closer to completion of the bat.
If a reversal is confirmed I will seek additional short setups on smaller timeframes to add to my short position.
Hard to imagine a drop like that though judging by USD strength right now, and again what about OIL..., we'll see...
Cleaned it up and adjusted the timeframe.
If this upward momentum holds we could complete this bat within a couple of months...
Imagine what this means for OIL too...
I will probably set 4 orders, 2 different entry levels, 2 TP's each. Exactly as on the chart!
The 1.5500 round level could provide us with cover to keep SL very tight and excellent R/R!
I'll look for structures like ending diagonals to confirm my gameplan and orders closer to the bat's completion. I might adjust or cancel sell orders depending on PA closer to completion of the bat.
If a reversal is confirmed I will seek additional short setups on smaller timeframes to add to my short position.
Hard to imagine a drop like that though judging by USD strength right now, and again what about OIL..., we'll see...
