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lyl89

EURGBP - Bearish Bat Pattern on Daily Chart

Short
Euro / British Pound (FX:EURGBP)  
lyl89 Updated   
FX:EURGBP   Euro / British Pound
EURGBP eurgbpshort Bat Bearish Bat Harmonic Patterns harmonicforex
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eurgbp eurgbpshort batpattern bearishbat harmonicpatterns harmonicforex
A possible bearish bat pattern might be completing soon.
  • RSI is about to reach overbought level
  • PRZ is slightly above trendline resistance
  • R:R at about 1 (TP1) and 1.7 (TP2)

Daily chart, ensure lot size adjusted according to your risk management.

I will update when pattern completes.
Comment:
Getting closer to pattern completion and RSI overbought level.
snapshot
Comment:
Pattern completed earlier than I expected, I'll be sleeping though.
RSI for Daily and H4 are above overbought level, RSI for H1 is retracing from overbought level.
Whoever's awake now can monitor and enter, remember to adjust lot size as SL is larger =)
snapshot
Comment:
The drop has begun.
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