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UnknownUnicorn180388
Oct 27, 2016 5:38 AM

EUR.GBP - BULLISH BAT SETUP - .8894 Long

Euro Fx/British PoundFXCM

Description

On the EUR.GBP 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.

The price reversal zone on this pair is between .8894 & .8883
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 A to D move.
There is also opportunity to look for extended targets at around .8964
Stop loss would be placed below X leg structure support.

Target 1 - .8927
Target 2 - .8947
Comments
kingzark
This worked out nicely
UnknownUnicorn180388
It certainly did :-)
XiaoMinZhao
good plan
UnknownUnicorn180388
Thanks very much.
peterfx
Trade active :)
UnknownUnicorn180388
Target 1 :-)
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