BoonHooi
Short

EURUSD support & resistance defined

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

A good trade, I'm trading the bat on the 1hr. I went short at 1.06702, limit is 1.06320 and my stop is 1.07129
Reply
BoonHooi williejfx
@williejfx, you got in at a much nicer price. I saw this late.
Congrats
+1 Reply
williejfx BoonHooi
@BoonHooi, yes sir, thanks.
Reply
BoonHooi williejfx
@williejfx, congrats !! Good trade here
Reply
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