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Fxprotrader
Feb 13, 2016 12:19 PM

EURUSD For Those Who Didn't Catch The Bat Pattern Short

Euro Fx/U.S. DollarFXCM

Description

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.

Comment

Breakout has happened. Wait for a consolidation before you go short..
Comments
Elliottician_SamRoy
Agree for shorting opportunity but may be the last wave is pending
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