EverythingForex
Short

TRADE: EURUSD: SELL@1.08050 Completed Trend Continuation Bat

FX:EURUSD   Euro Fx/U.S. Dollar
2158 15 32
In my previous post on this pair, I noted that there is still ore downside to go. Here's the post:
TRADE UPDATE #2: EURUSD: <span data-href="idea-custom-link" data-href-idea-custom-link="mailto:SELL@1.09380" rel="nofollow noopener noreferrer" target="_blank">SELL@1.09380</span> BIg Move +462 pips

Prices have retraced as expected and reached the MAJOR SR Structure zone. The recent retracement has setup and completed a Bat. This would be a trend continuation pattern. If this bat holds, then the trend should continue downwards. This retrace I am also seeing as a wave iv of ( iii             ). There is a POTENTIAL Crab waiting to be filled below that may mark the end of the wave ( iii             ).

MY TRADE PLAN
I'm taking the short position as a trend continuation trade based of that bat and structure. I am putting stops past the .618 retrace level. If and when prices reach and complete the POTENTIAL Crab , then at the point, I will consider taking profits.
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*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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ZarNegar PRO
11 months ago
Good
But I think that the euro has the potential to increase. At least 1.0844
Reply
Thanks!
Reply
izogawa_trading
11 months ago
I was watching the Bat as well but my rules for a Bat are for a 50% retracement on the A->B leg & that didnt complete. Nevertheless, I am also playing structure and some fib conflueance.
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izogawa_trading izogawa_trading
11 months ago
Also, thanks for the Crab shout out. I haven't backtested the Crab pattern on any pairs yet but its certianly on my radar; probably over the Chinese New Year.
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aisyahfx
11 months ago
Same view. Thanks! im your big fan (speaking of forex analysis) :)
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marcus123
11 months ago
just took my stop out - fairly predictable market behaviour/should have seen that one!
Reply
daisyenova
11 months ago
I have applied as a member in your group but did not get any feedback from you. And my credit card was deducted for the 2nd month, can I get my money back. Don't do cheating business here.!!!
+2 Reply
EverythingForex PRO daisyenova
11 months ago
What is your email you used to register? No one is out to cheat you.
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daisyenova EverythingForex
11 months ago
saeeia@hotmail.com
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daisyenova daisyenova
11 months ago
I'll try to contact you thru skype and facebook but got no feedback for a month. Then what you can expect to think of you?

+2 Reply
daisyenova EverythingForex
11 months ago
I'll try to contact you thru skype and facebook but got no feedback for a month. Then what can you expect me to think of you?
+1 Reply
EverythingForex PRO daisyenova
11 months ago
Sorry, I honestly have not seen any contact from you thru Skype. Did you receive the login information email? Please PM me privately here so I we can discuss. Thanks.
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daisyenova EverythingForex
11 months ago
https://onedrive.live.com/redir?resid=FB2F336B84750B1C!178&authkey=!AOqQwPVLa4xswMQ&v=3&ithint=photo%2cjpg
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peterB
11 months ago
Excellent prediction all your comments are realistic thanks
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