Trading_Jazz
Short

Shorting the BAT // Friendly Risk/Reward setup ®

FX:EURUSD   Euro / U.S. Dollar
Taking the Adventurer Shot at FX:EURUSD             ;)

ATTENTION this is MY counter-trend trade setup... NOT A CALL, please do not regard as incentive!
Normally, trading against the trend has its consequences...

Targets for BAT pattern:
TP1 38.2% AD
TP2 61.8% AD
SL above previous structure highs;

Extremely Overbought on 4h chart, with an 80/20 RSI configuration, which assures me that we are facing a situation of extreme overbought or oversold... (to then create an entry "case" in lower timeframes);

Overbought on Daily chart ,above the 80's, i will take a risk based on 4h chart and previous structure, and based on the Bat pattern completed last Friday evening.(Today, the price went slightly higher than expected for this Bat pattern , but stills a nice short opportunity taking it this pattern in consideration).

Safe trades;
* find a suitable entry point
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