Alexander_Nikitin
Short

eurusd short idea

FX:EURUSD   Euro Fx/U.S. Dollar
Hello, traders. We have a HHHC above B-point. This means that we have a high probability of this bat pattern completion. Sell limits at D. Stops above X. Target 1 at B. Target 2 at C
What are the calculations of bat?
Reply
Alexander_Nikitin EvagorasGeorgiou
B=0.5XA to 0.618 XA-1pip
C= 0.382AB to 1AB-1pip
D=0.886XA

Entry=D
Stop=1.113XA
Target1=0.382AD
Target2=0.618AD
When Target1 is reached - stops move to breakeven.
+1 Reply
EvagorasGeorgiou Alexander_Nikitin
Thanks
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