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killakai
Mar 30, 2017 5:56 PM

EUR/GBP Bat Pattern Setup  Long

Euro Fx/British PoundFXCM

Description

Hi traders, I am currently short this pair due the the overall weakness of the euro and hoping to see price reach the completion point of this bat pattern where I will be profit taking. And then I will look for further analysis along side the bat pattern to build a case for going long. I expect price to stall out once we reach the completion point. With over 1 to 1 risk reward this is a great opportunity. Keep an eye on it. Could potentially get filled tomorrow, especially with all the economic data coming out, or sometime next week.
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