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Mustafoinc
Jan 28, 2016 4:05 PM

EURUSD h4 Bearish Bat + Strong Resistance Short

Euro Fx/U.S. DollarFXCM

Description

I see the completion of the Bearish Bat pattern ending at the D point (leg). But it's possible that it can go higher if you look back X can be marked at the higher point above my X. Strong resistance here at this level if you look on a 4 hour chart.

Risk to Reward = 1:1.36 for 1st target which is at 38 Fibonacci and 2nd target is at 61.8 Fib.
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