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lyl89

EURUSD - Bearish Bat Pattern Completed on H1 Chart

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
lyl89 Updated   
OANDA:EURUSD   Euro / U.S. Dollar
EURUSD eurusdshort Bat Bearish Bat Harmonic Patterns harmonicforex scottcarney
9
3
eurusd eurusdshort batpattern bearishbat harmonicpatterns harmonicforex scottcarney
  • Terminal bar has formed for the bat pattern
  • RSI is at overbought level, waiting for bearish divergence
  • R:R at 1.5 (TP1) and 2.5 (TP2)

I have been down on a few trades yesterday as I neglected economic news.
Some EUR CPI news in 1 hour, I'll wait till after the news are released before considering a trade.
Comment:
Price has reacted nicely to this pattern.
Comment:
TP1 hit with 35 pips profit.
Trade closed: target reached:
TP2 hit with 60 pips profit.
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