TheDailyTrader_FX
Short

EUR/CHF Bearish Bat After Completion Of Another Bearish Bat

FX:EURCHF   Euro / Swiss Franc
This Bearish Bat is forming on EUR/CHF 15min chart. Interesting fact is that it is forming right after another,bigger bearish bat completion on 1h chart. I will go on and short this one if price action is going to reach the completion point of the smaller bat at 1.13332.
Entry technique- Lower Low Lower Close candle around bat completion price. I will place ATR based Stop Loss Order above the bat's starting point X.
Take profit targets - Considering that this Bat's completing inside the bigger bat,then my first profit target would go for the retest of the lows of the smaller bat.
Trade closed: stop reached

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