BoonHooi

EURUSD support & resistance defined

Short
BoonHooi Updated   
FX:EURUSD   Euro / U.S. Dollar
Looks like EURUSD has a clear range to move in from 1.05 to 1.07

Pattern Identification
I see a bearish Bat pattern completing in the smaller H1 time frame
Will put this chart up in more details

Trade execution
If price rejects the PRZ, can look to take the short trade
Trade active:
Entered the trade a little late, stops has to be above 1.07

Trade closed: target reached:
Since I entered late (lousy price 1.0653), I took profits at TP2 (1.0611) for a 42 pip profit. The last candle closed at a low, indicating there could be more downside next week.

Let's see if it presents any opportunity to re-enter a short trade

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