EverythingForex

TRADE: SELL@1.13035 Completed Bat + Shark B Point + Wave Count

Short
FX:EURUSD   Euro / U.S. Dollar
As per my recent post on this pair (see Related Ideas: " EURUSD: Building A Case For A SHORT Entry"), I am now entering SHORT on this pair after prices have completed the Bat pattern and displaying bearish price action. The upper trend line of the triangle pattern is not reached but is also not far away. Stop will go above that upper trend line giving this trade room to work keeping in mind my alternate wave count in case the patterns fail:

This is my 3rd trade on this pair trying to catch that wave (4) ending and the start of the wave (5) down. So maybe third time's the charm? Let's see if I got it right this time!

Good luck!

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.

SPECIAL Report on the S&P 500. Read it here. It's FREE: bit.ly/2KGJ409spx818
Mailing list: bit.ly/2iNieEY
Facebook Group: www.facebook.com/efxselect
Twitter: @andrewefxselect
Website: www.efxselect.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.