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We_The_North
Sep 27, 2016 11:19 PM

EURGBP Potential Bullish Bat Long

Euro Fx/British PoundFXCM

Description

We're looking at a potential Bat Formation here. "D" point completion at the 0.886 fib retracement of XA. That level also looks to be offering a bit of support and resistance in previous structure.

As always I would place SL below "X". T1 at 0.382, and T2 at 0.618 of AD retracement... Roll SL up to break even if T1 is reached.

Order cancelled

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