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UnknownUnicorn180388
Jun 14, 2016 6:34 AM

EUR.USD - Bearish Bat Setup - 1.1311 Short

Euro Fx/U.S. DollarFXCM

Description

On the EUR.USD 15min chart we have a potential short opportunity at the D leg completion of a bearish Bat Setup.

The price reversal zone on this pair is between 1.1311 & 1.1320
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat Setup placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 1.1249
Stop loss would be placed above X leg structure resistance.

Target 1 - 1.1281
Target 2 - 1.1262

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