Bullish Bat Pattern with S/R Flip, Confluence in 2hr TimeFrame
2024-12-05

Trade Setup:
Entry: 2.350
Target: 2.844
Stop Loss: 2.1024
Risk-Reward Ratio (RR): 2.45

Key Confluences:
Bullish Bat Pattern: Strong harmonic pattern indicating a potential reversal.
S/R Flip: Price is retesting a significant support-turned-resistance zone as support.

Trendline Support: Clear trendline providing dynamic support to price action.

Demand Zone Price Action: Buyers stepping in, as evidenced by bullish candles in the zone.

Disclaimer:
Lower timeframes (e.g., 2-hour) may not hold as strongly as higher timeframes due to market prioritization. Please ensure your risk management is robust, as markets are inherently uncertain. This analysis is for educational purposes and not financial advice.

