Akil_Stokes
Short

EURUSD: Potential Bearish Bat Pattern

FX:EURUSD   Euro Fx/U.S. Dollar
It's Friday...I'm feeling burnt out, so we're going to keep it really simple today. Potential Bear Bat Pattern. There you have it. It is pretty cool that we get some extra fibonacci confluence in the form of an 61.8 retracement & a 161.8 extension but at the end of the day the pattern is all that really matters to me.

Other pairs on my radar today are the GBPJPY             , USDJPY             , EURAUD             (SHort) & USDCAD            

If you didn't do so yesterday make sure you check out my latest YouTube video

"Simple Technical Analysis & Why Markets Move" https://www.youtube.com/watch?v=n5UI2kypn4I

Have a great weekend traders! And of course Live Room/Syndicate members I'll still see you today in an hour or so.

Akil
You are right sir ! Eurusd go down at 1.12 around
+1 Reply
Akil_Stokes PRO IssaOuattara
I hope it spike sup just enough to get me filled first
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There is really a simple short setup Bat Pattern. Due to Greece situation and weekend i will prefer stay side line for today.
Thanks for Analysis.
+2 Reply
I;m like you, i've been holding nothing over the weekends and won't be until the situation is settled
+1 Reply
Not worth the risk of those gaps
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anthony.pham00 Akil_Stokes
I fell asleep so couldnt close a couple positions but i think they should be for Monday's open :)
+1 Reply
Akil_Stokes PRO anthony.pham00
Hopefully, I'd make sure I'm around when the markets open or at least managing from a mobile device just in case
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Great work Akil. Have a good weekend
+1 Reply
Thanks I'm looking forward to a fun Friday, then getting away from the charts for a while. Have a great one as well
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Also there is ABCD pattern at 1H time frame
+1 Reply
Akil_Stokes PRO OsamaAbouzeid
That's certainly another option for someone looking to hop in earlier
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cypher maybe?
snapshot
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Akil_Stokes PRO KingVestment
That;s not a valid Cypher. Please check your C leg
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I've seen that bat too, but I think it's kind of sketchy, maybe it's better to wait until there is some decision about the greek proposals from yesterday?

snapshot
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When in doubt, stay out
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Can you fit a pattenrn with a lower PRZ there?
Looks great, I think it's a short, but not sure it'll continue higher.
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what do you mean by "fit a pattern?"
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IvanLabrie PRO Akil_Stokes
Exactly that, make a pattern fit with a reversal before hitting your prz.
In this case, it seems that the ABCD worked for now.
+1 Reply
Okay, i get you, No I would never do that. If a different opportunity came before a pattern I would simply have to decide which opportunity I'd like to be involved in, or split my position
+1 Reply
IvanLabrie PRO Akil_Stokes
Isn't that a BAMM entry?
I'm on the sidelines now. Just waiting.
+1 Reply
No the BAMM would be something else
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Comment removed
In the future instead of just trying to self promote, why not add something of value to the conversation?
+2 Reply
This is my view for next week the bat at good resistance if price heads north, a Cypher if price heads south at strong support
snapshot
You are the best Akil you and Jason changed my life
+1 Reply
ThomasJeff_DCM ThomasJeff_DCM
Here is the chart sorry
+1 Reply
ThomasJeff_DCM ThomasJeff_DCM
snapshot
+1 Reply
Akil_Stokes PRO ThomasJeff_DCM
Thanks man! Nice chart below too!
+1 Reply
Hey AKil, How you doing? I'm also with you, staying on the sideline for this pair. Greece seems very unpredictable right now. Hope we see some settlement in Greece, so that traders can trade more comfortably and with less fear. Have a good weekend as well :)
+1 Reply
If everybody thinks it is a bearish bat pattern, then it won't play out as a bearish bat pattern ... :)

EUR/USD - BAT PATTERN


EURUSD-trading the triangle-bearish bat
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