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timmynorin
Feb 6, 2017 10:36 AM

EURUSD (1H) Bat - Short term - Opportunity to get long 

Euro Fx/U.S. DollarFXCM

Description

Advanced pattern - Bat completing in a clear structure zone where price action have struggled, supported and resisted several times before. We also have a bullish trend line to add to our support, aswell as a previously broken bearish trendline.

Order is pending, lets see if we get filled.

Trade active

The bus has arrived. Target modified to 0.382 fib of entire A-D leg.

Trade closed: target reached

Yup!
Comments
timmynorin
As I wrote in the "Trade active" comment, if my target is a conventional 0.382 fib, I redraw the fib from the new high (or low) of the D leg and adjust target.
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