Fxprotrader
Short

EURUSD For Those Who Didn't Catch The Bat Pattern

FX:EURUSD   Euro Fx/U.S. Dollar
618 1 20
a year ago
The bearish bat pattern work good for now having pushed price lower from 0.886 fib level. For those traders who din't enter the market at D point, you can wait for price to break the short term support level , wait for a smaller correction and go short.

Profit targets should be the initial 0.382 and 0.618 fib level of the AD move. Stoploss above the D point.
a year ago
Comment: Breakout has happened. Wait for a consolidation before you go short..
Agree for shorting opportunity but may be the last wave is pending
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