No lengthy explanation this time as the chart pretty much speaks for itself. Price is currently sitting right under a resistance level and has been rejected a couple of times. Chances are high that the bat pattern will complete around 0.7510-20. That's where I will look for a long position.
Target 1 is a retracement into the current price level and is very likely to be reached, Target 2 is a bit more tricky as it would mean that we'd have to break through that resistance level and retrace to the B-point of the bat pattern.
Target 1 is a retracement into the current price level and is very likely to be reached, Target 2 is a bit more tricky as it would mean that we'd have to break through that resistance level and retrace to the B-point of the bat pattern.
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Twitter: twitter.com/NicoMuselle