glennmercer
Short

EURUSD Short: 3 Bats Align in Tight PRZ at TL Resistance

FX:EURUSD   Euro Fx/U.S. Dollar
Yesterday I published a EURUSD             short on a bearish bat pattern. The bat has hit TP1 and is retesting the PRZ. If you missed the trade, this is a great opportunity to enter. A rare opportunity has presented itself where 3 bat patterns have aligned within a very tight reversal zone. The PRZ aligns with trendine touching the X points which may add resistance in this area. We also have very strong bearish RSI and MACD divergence with RSI being overbought as well. Target is placed at the bottom of the PRZ with SL at 1.13XA (yellow bat) and TP at the missed weekly pivot and .5 Fib level.

Confluence in the PRZ:
  • Bearish bat (240m)
  • Bearish bat (60m)
  • Bearish bat (15m)
  • Bearish MACD divergence
  • Bearish RSI Divergence
  • RSI Overbought
  • Missed weekly pivot below price
Trade active: Entry triggered - trade is active.
Trade closed: stop reached: -11 pips
that's awesome, but i jump buy o this trade
Reply
Hi Hiisham, I saw your idea - very nice. Let's see!
Reply
Nice graphical interpretation
+1 Reply
glennmercer PRO BerkTurker79
Thanks Berk
+1 Reply
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