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TheForexSamurai

Sell bear bat pattern.Waiting for confirmation or just go aggro!

Short
Euro / British Pound (FX:EURGBP)  
TheForexSamurai Updated   
FX:EURGBP   Euro / British Pound
7
0
Trade Setup:
Entry:: 0.8640
SL: 0.8691 (52 pips)
TP1: 0.8567 (71 pips)
TP2: 0.8522 (117 pips)

Take Note on the HR 4 that we could have a potential bullish gartley/bat pattern if price wont breach the recent high @ 0.8644
Comment:
We do also have pattern confluence right here with a bearish butterfly pattern that is already completed as our Bat pattern.

snapshot
Comment:
Take note that price can still extend up to the 161.80% (0.87023) this is for a Butterfly Pattern. So technically you would like to put your stops above 161.80%. Enjoy!
Comment:
Our stops our moved as said above 161.80% since we spot a potential butterfly that could complete around the range of 127.20% - 161.80%. So instead of 0.8691 for the previous stops we would like to put our stop around 0.8722 price handle.
Comment:
Setup would be like this.
snapshot
Trade closed: stop reached
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