Alex_BPTrader
Short

EURUSD - Bearish Bat

FX:EURUSD   Euro Fx/U.S. Dollar
+++ Don't forget to LIKE & Follow+++I have lots on my radar - I want to share with you a potential Bearish Bat Formation on 1H, EURUSD             .
On higher time frame you can EURUSD             is in a bearish trend , and thanks to the Brexit event the trend is confirmed - so you can use the Bat Formation as an entry reason for hopping on the bearish trend .
I shoot for conventional 1st Target and 2nd will be a retest of A leg, stops above X.
This Bat Pattern will have more than 100 pips stop so if it is too much you can wait for a better price or not trading it at all.
Entry @ 1.1368
Stop @ 1.1495
Initial Target 1 @ 1.1193
Initial Target 2 @ 1.0950

Good Luck!

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-Alex
Professional Currency Trader & Mentor
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NareFx
5 months ago
still following the bullish trend, see you at the top of the Bat Formation
Reply
Alex_BPTrader NareFx
5 months ago
We follow different set of rules and we can end up at the same place - shorting EURUSD at a completion level.
Reply
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