With 4-6 potential trade setups here for LONG & SHORT!

The "ifs" of the market through our systematic technical analysis. With 4 possible trade setups here for a potential long and short trade opportunity together with some other biases and confluences. Check chart to see each trade setup validity. Take note that for the bear bat pattern (setup) as plotted in the chart, there is no guarantee that the market will form and complete the said bear bat as more price/market action could happen in the near future and could change our perspective and same goes on with the other setups.

Price breaking and closing beyond our Bullish Bat POR could enter a long trade with at least a good 1:1 RR from the ATR (15) * 2 formula. Price breaking and closing beyond our diagonal support as well could enter a short trade, SL on ATR (15) * 2 formula and target down to a bat pattern completion by which could give us another long/buy trade opportunity depending on future price/market action.

İşlem kapandı: hedefe ulaştı:

A winning short/sell trade on this one. For the bull bat pattern there was no confirmation that we could go long. Good trade.