EUR/USD - Bearish Bat Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Feb 26, 2018 10:02 PM

Hello traders, here we have EUR/USD on the 5min chart with a valid bearish bat pattern.

All-round excellent opportunity with over 1:2 risk to reward.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

The D point forms around a solid resistance zone, I will share more analysis as the pattern progresses.

I'll be looking for additional confirmation before taking the trade!

Trade closed: target reached

⋅ Feb 28, 2018 11:28 AM

Congrats to all who took the trade

Trend Analysis Harmonic Patterns