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hadesduke
Jan 3, 2016 10:43 PM

EUR/USD Bullish Bat Pattern - Swing Trade (Short to Long)  Short

Euro Fx/U.S. DollarFXCM

Description

Short Plan:

Bullish Bat Pattern is forming, expecting completion around 1.06/1.0580 . Buyers want to break 1.10 twice but failed. Entering short at 1.09/1.0920, or you can wait for the confirmation signal when it breaks the previous strong support - 1.08 area.

SL: 1.1070 (previously high)

Long Plan:

Buy at 1.0580 and look to 1.1250. SL: 1.0520 (previously low)

Trade active

Sell @1.0920. Bearish confirmation - Euro breaks previous major support 1.08, adding more position. Looking it falls to 1.06/1.0580

Trade closed manually

EUR is going to rally. Closed at BE.
Comments
RealMadrid
thank u
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