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Akil_Stokes
Jul 10, 2015 10:55 AM

EURUSD: Potential Bearish Bat Pattern Short

Euro Fx/U.S. DollarFXCM

Description

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" 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
Comments
Ahmer
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.
Akil_Stokes
I;m like you, i've been holding nothing over the weekends and won't be until the situation is settled
Akil_Stokes
Not worth the risk of those gaps
anthony.pham00
I fell asleep so couldnt close a couple positions but i think they should be for Monday's open :)
Akil_Stokes
Hopefully, I'd make sure I'm around when the markets open or at least managing from a mobile device just in case
moneymaking
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 :)
UnknownUnicorn101425
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
You are the best Akil you and Jason changed my life
UnknownUnicorn101425
Here is the chart sorry
UnknownUnicorn101425
Akil_Stokes
Thanks man! Nice chart below too!
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