TheAlcoveFx
Short

Bat & Cypher Calling for a Short

FX:EURUSD   Euro / U.S. Dollar
Hey traders,

Welcome back, And today we are going over two advanced patterns in the EUR/USD             . The first one we have is a small Bat pattern , and then we have a larger cypher completing above the Bat. Now luckily for us, we can take both patterns back to back because the stop loss for the bat would be UNDER the entry of the Cypher . Many times you will hear me talk about choosing between patterns, and in this case, we don't have to. As you know, stops above the X and targets would be 38.2 and 61.8 retracement of CD on the cypher , and of AD on the Bat.

Like always if you have any questions, comment below, follow us on social media !

Daniel Garnier - Founder of The Alcove Fx
http://www.thealcovefx.com

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