EUR/USD daily: Close to completion of a bearish bat!
On the weekly chart we're getting close to touching the MA(100) with some room left for upward movement.
Therefor I went looking for short setups on the daily... This is one possibility to get short, a possible bearish bat, and it's actually very near completion...
We also have a possible AB=CD finishing a little higher than where the bat completes so keep that in mind!
The trendline is also getting close again, however always watch out with trendlines, they can be very subjective, if in doubt look for confirmation on smaller TF's in the form of possible ending wave structures or candle formations in conjunction with highly overbought conditions or momentum divergence!
Therefor I went looking for short setups on the daily... This is one possibility to get short, a possible bearish bat, and it's actually very near completion...
We also have a possible AB=CD finishing a little higher than where the bat completes so keep that in mind!
The trendline is also getting close again, however always watch out with trendlines, they can be very subjective, if in doubt look for confirmation on smaller TF's in the form of possible ending wave structures or candle formations in conjunction with highly overbought conditions or momentum divergence!
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This was the weekly chart which made me look for shorts...:
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Trade active
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Nice pullback so far!
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Took partial profit on TP1 and trailed SL to 1.1455 on all remaining shorts...
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TP1 coming up...
Trade closed: target reached:
All targets met...
