EURUSD Pending Bat Pattern At Key Level

FX:EURUSD   Euro / U.S. Dollar
943 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

This can be an epic short...if it breaks support, might go much further than your targets.
Fxprotrader IvanLabrie
I will add and trail to this if it goes south..
IvanLabrie Fxprotrader
For sure!
So when you trade the bat (or other patterns), you don't put stops above X?
Fxprotrader jjburrel
Yes that's right, that's what i have done on this post
jjburrel jjburrel
Nevermind, I see you placed stops above the support of the corrective structure which is now resistance. Well played!
Fxprotrader jjburrel
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!
Well spotted
Fxprotrader theforexportal
Thank you andrian..!
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