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xela75

EURGBP: Opportunity to short on bat formation turns valid

Short
Euro / British Pound (FX:EURGBP)  
xela75 Updated   
FX:EURGBP   Euro / British Pound
Harmonic Patterns eurgbpshort eurgb Bat
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harmonicpatterns eurgbpshort eurgb batpattern
Looks like a bearish bat harmonic is forming on EURGBP . Possible targets are 0.382 w/ RR 1:1, 0.618 w/ RR 1:2 and 0.786 w/ RR 1:2.8. 0.786 retracment is right above last weeks S1 pivot. As it's a trend continuation trade further targets could be possible.
Comment:
Price action is coming to it's final formation. Watch this closely for short opportunity.
Comment:
Formation almost setup. I'm watching closely and checking for signals to enter market once the PRZ is tested.
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