EURUSD bat pattern and cypher pattern on the daily

Hi traders,

This one might take a while before it works out. Price is miles away. Still like to share it, because of the high probability.
The red pattern is a cypher pattern.
The blue pattern is a bat pattern.
It also lines up pretty well with the daily trendline.

My entry will be at the completion of the cypher pattern, because of the smaller stop and higher R:RR.

Entry: 1.06200
Stop: 1.04012
Target 1: 1.10271 = R:RR 1.86
Target 2: 1.13740 = R:RR 3.44

Will keep this updated as time progresses.
Best of luck!

Yorum:

Everything is still valid.