TomHall
Short

EUR.GBP - BEARISH BAT SETUP - .8749

FX:EURGBP   Euro / British Pound
On the EUR.GBP 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.

The price reversal zone on this pair is between .8749 & .8759
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around .8680
Stop loss would be placed above X leg structure resistance .

Target 1 - .8714
Target 2 - .8693
Comment: Price collapsing of trendline resistance.
Comment: Trade setup now invalid.
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Very good mate!!
+1 Reply
TomHall ANTONY-P
@ANTONY-P, Thank you.
Reply
What do you calculate PRZ sone ?
Reply
TomHall ojgrand
@ojgrand, Between the X and D leg, anything past this level invalidates the setup.
+1 Reply
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