XAGUSD 2 potential bat patterns forming

15 Mar 2016

Hi all,

After watching my previous XAGUSD pattern fail - the C leg got broken - I am now looking at a new entry point on this pair. Actually found two. Completions of these patterns is at the point D.

Red bat pattern:
Entry: 13.88
Stop: 13.36
Target 1: 14.567
Target 2: 15.060

Blue bat pattern (please note that the stop is pretty high, and therefore makes a lower risk : reward ration than 1)
Entry: 17.33
Stop: 18.512
Target 1: 16.343
Target 2: 15.621

Will keep these charts updated when something happens
Best of luck!

22 Mar 2016

Not

Red pattern invalid.
Blue is still valid.