TradingView
TradersClassroom
Nov 30, 2015 2:44 AM

EURGBP Bat Pattern Set Up 

Euro Fx/British PoundFXCM

Description

This week is marked with event risks for the Euro. Im going to use a harmonic set up to help me get short the Euro. This will both allow me to get short the Euro which I have a short bias against and use a harmonic pattern to get a good entry with technical factors in my favor. A break below the "c" point which is the most recent low of the pattern would invalidate this trade.

Below are the event risks for the week:
WEDNESDAY, DEC 02
EUR Consumer Price Index
EUR Producer Price Index

THURSDAY, DEC 03
ECB Interest Rate Decision
ECB Monetary policy statement and press conference
More