WirmachenTrader
Short

Bat Pattern + Rising Wedge for potential Short Setup on $EURUSD

FX:EURUSD   Euro / U.S. Dollar
I recently took several successful long trades on $EURUSD ()
and I am still bullish on this pair, BUT I always ask myself "What do I see, what does it mean, what do I do based on those information?"

I see a bearish Bat Pattern on the daily timeframe and a rising wedge with bearish divergence on the RSI . This means there is potentially a good chance for a retracement into the last structure zone (at around 1.09's).

What do I do? Nothing. I do not trade the daily chart , but I am open minded and know the probabilities when we break those wedges etc.

Always make sure you trade YOUR backtested plan!
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