EURUSD Bearish Bat on Daily Chart Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Feb 6, 2016 11:09 PM

EURUSD has began to form a bearish bat pattern on the daily chart. The potential reversal zone is between 1.1381 and 1.1392. Projected target 1 at 1.1124 and stops placed above structure at 1.1489.

Comment

⋅ Feb 11, 2016 10:50 PM

Bat pattern completion.

Trade active

⋅ Feb 16, 2016 6:43 AM

Target 1 hit.

Comment

⋅ Feb 19, 2016 8:20 AM

Projected Target 2 at 1.0965.

Trade closed: target reached

⋅ Feb 26, 2016 6:22 PM

Target 2 hit!