Night_Trader
Long

EUR-USD 4H First bat completion ahead

FX:EURUSD   Euro / U.S. Dollar
586 3 4
The trend channel in the EUR-USD             has been broken. A first bat pattern completion can be support for a retracement back to the channel. If it fails, there will be another bat pattern completion coming up.
Update: I did not take it, as described in the prior update. However it could have worked with a little bit larger stop loss.
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Update: I consider this setup as no longer valid, because the move already happened twice without touching the .886 level. Probably it will go through it now. So it is better to wait for the next (bigger) .886 level.
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Night_Trader Night_Trader
The next larger Bat Pattern is here:
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