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joelduque

2018Oct29 EURGBP H4 Bearish Bat

Short
Euro / British Pound (FX:EURGBP)  
joelduque  
FX:EURGBP   Euro / British Pound
Harmonic Patterns Bat Fibonacci
1
0
harmonicpatterns batpattern fibonacci
EURGBP has been on a recent uptrend and completed a bearish bat. Price is near diagonal resistances and being rejected at the potential reversal zone. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point. The take profit target is set at the 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows:

Trade Setup: Bearish Bat
Price Entry 0.88961
SL 0.89228 | SL pips 26.7
TP1 0.88300 | TP1 pips 66.1
RRR1 2.48
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