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lyl89
May 13, 2017 12:53 PM

EURCHF - Bearish Bat Pattern Completed on Daily Chart Short

EUR/CHFOANDA

Description

This bearish bat pattern has already completed with all criteria met.
  • Price closed inside PRZ
  • RSI at overbought level


However, RSI has not shown a good signal for me to enter yet.
I will like RSI to at least drop down to 70 and below before considering a short.

Once again, SL for daily chart is bigger, do adjust lot size before entering an order.

Comment

Trendline resistance respected so far, looking good.

Trade closed: target reached

TP1 hit.
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