EURUSD: Potential Bearish Bat Pattern (The Smaller One)

FX:EURUSD   Euro / U.S. Dollar
Hey traders, there are more than a few opportunities setting up on the EURUSD             , this one is still a ways away from me taking it serious, but believe it or not, it's the smallest of the potential opportunities. (The bigger potential patterns are on the 4 hour and Daily charts )

What we have here is a potential bearish pat pattern which would complete at 1.1418. Now it's important that we don't pass up on other trading opportunities because of the potential pattern because there's no reason to be confident in the completion until the "B" leg is broken providing us with a NSH             , HHHC.

Just like with the USDJPY             trade last week (Minute 2:35 of this Video https://www.youtube.com/watch?v=OnzLKZhfSzM ) I'll be looking for a potential structure based trade at the structure level as well.

Hoping you guys have had a great trading week, and cheers to a great weekend.

Akil Stokes
Chief Currency Analyst at http://www.TradeEmpowered.com
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Hi Akil, possible route to completion of the big bat:
Looks like we're on our way to complete the small bullish bat at the lower triangle trendline... Would be great, I hope it works out!
Even smaller bat within that bat...:
+2 Reply
Winner winner chicken dinner on the small bat.
Nice! Me too for target1. Since I'm only on demo, it'll have to be chicken soup for me. :)
+1 Reply
Akil_Stokes Kjetil_Johannesen
Still sounds delicious
Axel Akil_Stokes
yes but i'm not filled (different broker) still waiting :D
+1 Reply
I would cancel you pending orders then since price has already rolled down to the target area
Or if you're involved at least move stops to breakeven just to ellinimate any chance of taking a loss
Axel Akil_Stokes
yes stops are breakeven
+1 Reply
Axel Axel
god damn i hate this to see a half pip or so
+1 Reply
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