Fxprotrader
Short

EURUSD Pending Bat Pattern At Key Level

FX:EURUSD   Euro Fx/U.S. Dollar
942 17 30
a year ago
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.
a year ago
Trade active: Stoploss & profit targets

snapshot
Excellent setup!
+1 Reply
jaejames
a year ago
nice setup buddy, well time to wait and see when to do an entry
Reply
SergeiKupriyanov jaejames
a year ago
From 1.1360 Sell to 1.03 *wow*
Reply
jaejames SergeiKupriyanov
a year ago
nope it still have strong upwards trend, im looking at 1.15 -1.16 before decide to sell ;D
Reply
SergeiKupriyanov jaejames
a year ago
jaejames, do you think 1,03 not fantastic?
Reply
jaejames SergeiKupriyanov
a year ago
nope ..might be 1.07 for me ..always set your aim shorter than your expectation ..that's what i learn
Reply
Fxprotrader jaejames
a year ago
Thank you..
Reply
Well spotted
Reply
Fxprotrader theforexportal
a year ago
Thank you andrian..!
Reply
jjburrel
a year ago
So when you trade the bat (or other patterns), you don't put stops above X?
Reply
Fxprotrader jjburrel
a year ago
Yes that's right, that's what i have done on this post
Reply
jjburrel jjburrel
a year ago
Nevermind, I see you placed stops above the support of the corrective structure which is now resistance. Well played!
Reply
Fxprotrader jjburrel
a year ago
snapshot
Reply
jjburrel Fxprotrader
a year ago
Gotcha, at first glance it looked like it was below. All in all, nice set up man. Hope it hits targets for you!
Reply
This can be an epic short...if it breaks support, might go much further than your targets.
Reply
Fxprotrader IvanLabrie
a year ago
I will add and trail to this if it goes south..
Reply
IvanLabrie PRO Fxprotrader
a year ago
For sure!
Cheers.
Reply
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