Potential Bullish Bat structure @ 1.0696

Potential Bullish Bat structure is forming. Rsi structure is forming a divergence against price structure informing potential reversal at the coming Low.

Waiting for more comfirmation. Reminder: the pattern is not yet completed. Close inspectation of price action at the 1.618XA is needed.

Entry @ 1.0696
Stop Loss@1.0534
Exit/Limit @1.0944 (Target 1) and @1.1118 (Target 2)

Kommentar:

Note that Bullish Gartley is also forming with a similar completion price point XAD@1.06421. (Weekly timeframe).

Since two patterns are developing at the similar price point, the chance of the price will reverse is high.

Kommentar:

Short term Bullish Crab :))
Worth looking