Fxprotrader
Short

EURUSD Pending Bat Pattern At Key Level

FX:EURUSD   Euro Fx/U.S. Dollar
942 17 30
Price has broken a corrective structure heading up probably to a level where it will complete a bearish bat pattern. It's D point is a key level, the lower trendline of a broken larger corrective structure. I believe this pattern will be the begining of a big sell off.
Trade active: Stoploss & profit targets

snapshot
This can be an epic short...if it breaks support, might go much further than your targets.
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Fxprotrader IvanLabrie
I will add and trail to this if it goes south..
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IvanLabrie PRO Fxprotrader
For sure!
Cheers.
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So when you trade the bat (or other patterns), you don't put stops above X?
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Fxprotrader jjburrel
Yes that's right, that's what i have done on this post
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jjburrel jjburrel
Nevermind, I see you placed stops above the support of the corrective structure which is now resistance. Well played!
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Fxprotrader jjburrel
snapshot
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jjburrel Fxprotrader
Gotcha, at first glance it looked like it was below. All in all, nice set up man. Hope it hits targets for you!
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Well spotted
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Fxprotrader theforexportal
Thank you andrian..!
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