Urbandj

Bullish Bat Opportunity

Long
FX:EURUSD   Euro / U.S. Dollar
78 views
4
Following on from the post yesterday, EURUSD has presented another, but smaller, opportunity in the form of a bullish bat , with entries at the 88.6 fib level (this is what I would be taking).

Happy trading!
Trade active: The Euro broke the recent sideways movement to the downside back into previous support, which has now hit the entry level. Trade active on the Bullish Bat.

Targets at 38.2 and 61.8 retracements respectively, SL at 1.113 extension below X leg. Good Luck!
Comment: 38.2 Fib retracement reached for target 1! :D

Only 1 more to go, lets see whether the market can move up to a 61.8 Fib retracement level. SL moved to breakeven on second position
Comment: Market came within 3 pips off hitting second position targets before now reversing towards SL :(
Though as this is a second position only trade, SL has been moved to BE therefore this is overall still a profitable trade!

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