JLJ002500
Short

EURUSD - Potential Bearish Bat Formation

FX:EURUSD   Euro / U.S. Dollar
Potential Bearish Bat , however different PRZ depending on where formation begins ("X").

Blue bat is straight forward. The issue is "B" closes above 50% which makes the bat invalid by my guidelines.

Purple bat meets all requirements. PRZ is around 200 pips higher.

Both PRZs correspond to resistance zones.

Which would you trade?
i only saw the blue one.
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JLJ002500 SupportAndResistanceLvls
The blue one jumped out to me. I started to look at other possibilities for "x" when I noticed a close above 50% fib retracement before the B completion. Blue still looks like a stronger Bat formation and a truer 50% retracement. I traded the blue. Took profits early because I rarely hold FX positions over the weekend.

snapshot
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