eurusd short idea Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jun 11, 2015 3:16 PM

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

Comments

EvagorasGeorgiou

⋅ Jun 11, 2015 3:56 PM

What are the calculations of bat?

Alexander_Nikitin

⋅ Jun 11, 2015 4:22 PM

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.

EvagorasGeorgiou

⋅ Jun 12, 2015 7:01 AM

Thanks