JesusDiaz
Long

EURGBP Bat Long

FX:EURGBP   Euro Fx/British Pound
172 2 1
**WT +55** This bat on the EuroGBP is a high probability trade. A lot of confirmation lining up with it
dojitrader
2 years ago
Looks very enticing !!!
I can see where EW A = C as a confirmation.
And the ab=cd is pretty close at the 1.618 of b to c
And the 1.618 of a to b is a down in the x area . . .
any other confirmations lining up that I missed ?
Best of luck ~~~~~~ thanks for your thoughts !!!
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JesusDiaz
2 years ago
I observed several other patterns that complete at the x leg of this bat and there is also some fib levels and structure that line up. My expectation is for a bounce to occur from point D and initialize the setup of a bullish butterfly that completes below point x. I do expect price action to go down further, however, I am taking advantage of a small play in between this time.
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